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Re: Mr Clutch post# 3708

Wednesday, 04/22/2015 8:09:27 AM

Wednesday, April 22, 2015 8:09:27 AM

Post# of 51075
Actually you are correct Lobster and I am wrong.... It does have to close .01 or higher during that span.

"All OTCQB companies must meet the minimum bid price of $.01 per share at the close of business of at least one of the previous thirty (30) consecutive calendar days; in the event that the price falls below $.01, the company will begin a grace period of 180 calendar days to maintain a closing bid price of $.01 for ten consecutive trading days;"

Link: https://www.otcquote.com/content/doc/otcqb/standards.pdf

So the basically have a grace period of 6 months to regain compliance by having the stock bid price close 10 consecutive days or more above .01
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