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Post# of 701941
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learningcurve2020

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learningcurve2020

Re: HappyLibrarian post# 102082

Sunday, 02/12/2017 11:53:04 AM

Sunday, February 12, 2017 11:53:04 AM

Post# of 701941
"On November 7, the Nasdaq staff notified the company that they have identified a few financing transactions completed between May 15, 2016 and October 13, 2016 that did not adhere to Nasdaq rules. Northwest then initiated remediation discussions, but the company’s remediation plans were rejected by the Nasdaq staff. The recent development to switch from Nasdaq to OTC is a fallout of that rejection.


OTC listing will also offer savings through reduced exchange costs, though it will come at the price of REDUCED transparency. "
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