Friendable Inc (FDBL)

[crowbar24382]

Sorry, I told you wrong . It 390 calender days ,not trade days . Time was up 10-31- 2014 It's a confirmed PINK ! To be eligible to be quoted on the OTCQB, companies will be required to:

Meet a minimum bid price of $.01 or be downgraded to OTC Pink;
Submit an application and pay an application and annual fee;
Submit an OTCQB Annual Certification confirming the accuracy of the current company profile and providing information on officers, directors and controlling shareholders.
Moreover, international reporting companies listed on a qualified foreign stock exchange are now eligible for the OTCQB upon submittal of an application and fee, and banks that do not report to the SEC are required to post their regulatory filings on otcmarkets.com. Entities that do not meet the requirements of either OTCQX or OTCQB will be quoted on the OTC Pink.

The changes related to the minimum bid requirements will become effective on May 1, 2014. All OTCQB companies that do not meet the minimum bid price of $.01 per share at the close of business of at least one of the previous thirty consecutive calendar days will be moved to the OTC Pink.

All new companies that are not already quoted on the OTCQB on April 30, 2014 will be required to submit an application, pay a fee and follow certain procedures to become traded on the OTCQB. Companies’ securities will no longer be automatically reported on the OTCQB when they have an active 211 and are fully reporting to the SEC.

Those companies currently quoted on the OTCQB which have not been moved to OTC Pink for failure to meet the minimum bid requirement will be required to meet all the new eligibility standards, including an application and fee and certification regarding company profile information, within 120 days of their next fiscal year end starting with companies with a fiscal year end of March 31, 2014. Companies that fail to comply will be downgraded to OTC Pink.

Requirements for SEC Reporting Companies

All SEC Reporting companies will be required to meet the minimum bid price of $.01. Newly applying companies must meet the minimum bid price at the close of business for each the last 30 calendar days and then for at least one of every 30 calendar days going forward.

- See more at: http://securities-law-blog.com/2014/04/01/otcmarkets/#sthash.J8sCMRAZ.dpuf