World Surveillance Group Inc (fka WSGI)

[lrt65]

I went back to your post 151112 particularly the section:
"The bid requirement, in which stocks must have been quoted for at least 1 cent daily over a 30-day period or be dropped from the market, aims to ferret out companies that fall prey to dilutive stock fraud schemes and promotions, OTC Markets said."
and
Be_real post 151115 section
"Bid Test: All current OTCQB companies that
do not meet the minimum bid test (minimum
bid price of $0.01 per share as of the close of
business for at least one of the previous thirty
consecutive calendar days) will be removed
from OTCQB beginning May 1."
http://www.otcmarkets.com/content/doc/otcqb-fact-sheet.pdf

I personally believe the $0.01 is for one day in 30 days (per month basically) as stated in the OTCQB fact sheet pdf.
We all agree on the $0.01 level but for how many days 30/30 or 1/30?

The most glaring point made by the OTC folks is in the following statements as I posted in #151119(be good to read the whole article for review):
http://hosted.verticalresponse.com/327098/595f8d418d/318056815/90a8b32497/

"We will be implementing a one penny ($0.01) bid price requirement which is intended to remove companies that are most likely to be the subject of dilutive stock fraud schemes and promotions. Any company that has traded below a penny for any length of time is not creating value for its shareholders and is therefore more appropriate for the open OTC Pink marketplace. This new requirement will become effective on May 1, 2014."

Are these companies the CAUSE or the SUBJECT or the schemes and promotions and therefore a victim of unscrupulous individuals and dare I say some MMs?

Just my opinion.