Monday, May 12, 2014 4:11:30 PM
Maybe you should actually read it before posting. Its not even an SEC rule. Its an OTC market change.
Beginning may 1, 2014:
•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 .
And just in case you need to actually read the whole thing here is the link:
http://www.otcmarkets.com/content/doc/otcqb-fact-sheet.pdf
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