Timeline for Companies Currently Traded on OTCQB
OTC Markets will roll out the new procedures for OTCQB over the course of a year. Each company will be required to comply with the new OTCQB procedures 120 days after its Fiscal Year End (“FYE”). Companies that do not comply with the new procedures within the required timeframe will be downgraded to OTC Pink.
Companies with a March 31, 2014 FYE will be the first group of current OTCQB companies subject to the new requirements and will be required to comply with the new OTCQB standards by July 31, 2014. The rollout will be complete when the last group of current OTCQB companies with a FYE of March 30, 2014 is required to comply on July 30, 2015.
During 2014, companies may choose to apply to OTCQB prior to their required compliance date to take advantage of discounted pricing.
Their fiscal year end being 12/31 they will have til 4/30/15 to comply. Hope this helps
