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Re: None

Wednesday, 04/23/2014 8:26:57 PM

Wednesday, April 23, 2014 8:26:57 PM

Post# of 101798
If by some chance SNEY does not make the bid requirement of 0.01 by before May 1, 2014 and we go to the OTC pink, we have to do the following to re-join the OTCQB:

Initial Requirements

SEC Reporting Companies

• Meet an initial bid price test of $0.01 as of the close of business for each of the previous 30 calendar days

• Complete and submit OTCQB Application and applicable fees

• Be current in all periodic reporting requirements on EDGAR (or for companies not required to file on EDGAR, post
SEC disclosure on the OTC Markets website)

• Post on the OTC Markets website:
4OTCQB Initial Certification (see below for details on Certification requirements)
Ongoing Requirements

• Meet an ongoing minimum bid price test of $0.01 as of the close of business for at least one of every 30 calendar days

• Post current SEC disclosure on EDGAR, or for companies that do not file on EDGAR, post current SEC disclosure on
the OTC Markets website

• Post on the OTC Markets website:
4OTCQB Annual Certification


http://www.otcmarkets.com/content/doc/otcqb-fact-sheet.pdf

The bottom line is that we just have to meet the before May 1, 2014.

If it is after then we have to pony up some money ($2500 one time fee and $10,000 annual fee) and do some paperwork.

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