Sanomedics International Holdings Inc. (fka SIMH)

[DaReal]

Looks like they wanna keep their OTCQB Status

On May 1 for its OTCQB market, OTC Markets will introduce a new minimum one-cent bid price requirement and will require the company's chief executive or chief financial officer to certify that its reporting obligations are current and that disclosures about shareholdings, officers and corporate profile are correct.

The bid requirement, in which stocks must have been quoted for at least 1 cent daily over a 30-day period or be dropped from the market, aims to ferret out companies that fall prey to dilutive stock fraud schemes and promotions, OTC Markets said.

http://www.reuters.com/article/2014/03/26/otcmarkets-reforms-idUSL1N0MN13N20140326

Rinse and Repeat at it's best.

Note Holders still have tons of conververtibles in their hands.
If FINRA does approve the Split, be prepared to see the exact same happening again here.

Fresh Blood will be needed for the next round and some nice Story, but i'm pretty sure they are working already on something.

Question is, what will they do if Finra denies the Split?