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Wednesday, May 28, 2014 6:49:42 AM
Mr. Pierce continued to state, "We have been working closely with FINRA over the last few weeks and expect to get the symbol changed and have been working with DTC to remove the chill. Upon the removal of the chill we will file all of the necessary paperwork which has already been completed to become a fully reporting OTCQB status.
So does anyone think we are not going back to .01 and over.
Requirements by Reporting Standards
SEC Reporting Companies
Initial Requirements.
Meet an initial minimum bid price test of $0.01 as of 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:
OTCQB Initial Certification (see below for details on Certification requirements
Ongoing Requirements
Meet an ongoing 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
OTCQB Annual Certification
In order to succeed, your desire for success should be greater than your fear of failure.
Bill Cosby
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