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Friday, January 15, 2016 2:08:30 PM
https://www.accesswire.com/53018/Monster-Arts-Files-for-Reverse-Split-in-Effort-to-List-as-OTCQB
Monster Arts, Inc (OTCQB: APPZ), a leading app developer and mobile advertising/content distribution platform company, announced that it has filed for a Reverse Split of its stock trading under the ticker symbol APPZ pending approval of Aviation M name change.
OTC Markets enacted certain rules pertaining to the OTCQB trading platform. Companies attempting to list on the OTCQB are required to meet certain eligibility standards. To be eligible, a company must be current in their reporting requirements under the Securities Exchange Act of 1934 and meet a minimum bid test of $0.01. Therefore, this has provided the basis, among other factors, for the decision by the Board of Directors of Monster Arts Inc. to effect a reverse stock split. The Board of Directors believes there is greater opportunity for APPZ for its potential growth and transparency to ensure that the investing public has access for trading over-the-counter shares of common stock of APPZ on the OTCQB marketplace forum.
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