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Re: GOLDBUFFALO post# 16149

Wednesday, 05/07/2014 5:03:38 PM

Wednesday, May 07, 2014 5:03:38 PM

Post# of 76153
In the event OWOO slips below $0.01, it would put at risk its OTCQB rating - potentially slipping to the Pink Sheets based on the new rules just implemented.

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, 2014. If your prediction of (below) $0.01 comes true next week, the company would have the next 30 days to register at least one day at or above $0.01 to maintain the OTCQB rating.

Ongoing requirements being phased in:
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.

OWOO's FYE ended Dec. 31 2013, putting us already past the 120 day clock. The new requirements are:
* Submit an application to OTCQB and pay an application and annual fee

* Submit an OTCQB Annual Certification confirming the Company Profile displayed on www.otcmarkets.com is current and complete and providing additional information on officers, directors, and controlling shareholders