Winemaker,
They are no longer in compliance as a QB
Need to maintain .01 for at least 1 day each month for a year
What is the holdup with the fins
Comply with OTCQB Requirements
The OTCQB Venture Marketplace is for entrepreneurial and development stage U.S. and international companies that are unable to qualify for OTCQX. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. These standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. Companies must meet a minimum $0.01 bid price test and may not be in bankruptcy.
Summary of Requirements for Companies
Current in their disclosure to a U.S. regulator or listed on a qualified international stock exchange
Meet a minimum bid price test of $0.01 and may not be in bankruptcy
Submit an application to OTCQB and pay an application and annual fee
Verify that the Company Profile displayed on www.otcmarkets.com is current and complete
Submit an OTCQB Annual Certification verifying officers, directors, controlling shareholders, and shares outstanding
