Wednesday, October 26, 2016 9:25:23 PM
2) Have proprietary priced quotations published by a MARKET MAKER in OTC Link with a closing bid price of at least $0.01 a) for each of the 30 calendar days immediately preceding the Company’s application for OTCQB and b) as of the date OTC Markets Group approves its application to join the OTCQB marketplace. In the event that (i) there has been no prior public market for the Company’s securities in the U.S. and (ii) a broker-dealer has submitted to FINRA a Form 211 to publish priced quotations in the Company’s securities, then the Company may apply in writing to OTC Markets Group for an exemption from the minimum bid price requirements, which exemption may be granted by OTC Markets Group in its sole and absolute discretion and subject to FINRA approval of the Form 211. In the event that the Company is a Seasoned Public Issuer that completed a reverse stock split within 6 months prior to applying for admission to OTCQB, the Company must have, subsequent to the reverse stock split, a minimum bid price of $0.01 per share for its common stock as of the close of business on each of the 5 consecutive trading days immediately preceding the
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