Reverse split when?
2.3 Standards for Continued Eligibility
To remain eligible for trading on the OTCQB market, the Company shall meet all the following
conditions:
1) Current Disclosure. Maintain compliance with the Company’s ongoing disclosure obligations
under Section 2.2 of these OTCQB Standards;
2) Bid Price. Maintain proprietary priced quotations published by a Market Maker in OTC Link with
a minimum closing bid price of $0.01 per share on at least one of the prior thirty consecutive
calendar days; No problem we can do that? I wonder if they have received the phone call yet?
b. Bid Price Deficiency. Companies are granted a cure period of 90 calendar days for failure to
maintain the minimum bid price under Section 2.3(2). In the event that the minimum closing
bid price for the Company’s common stock falls below $0.01 per share for 30 consecutive
days, a grace period of 90 calendar days to regain compliance shall begin, during which the
OTC Markets Group Inc.
OTCQB Standards (v 2.2 July 31, 2017) Page 10 of 15
minimum closing bid price for the Company’s common stock must be $0.01 or greater for
ten consecutive trading days. In the event that the Company’s closing bid price falls below
$0.001 at any time for five consecutive trading days, the Company will be immediately
removed from OTCQB.
