Thursday, December 28, 2017 10:02:28 AM
Now for the REALLY bad news. Did you know that after tomorrow they fail to meet qualifications for the OTCQB? They have a minimum bi rule of a penny:
"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"
You can verify that the last day they closed at a penny was November 29th. After tomorrow they will no longer be eligible for the OTCQB. That means they are headed for the Pink Sheets.
Of course that is in addition to their SEC violation where they relied on an accounting certification from their accountant who was barred by the SEC. They never rectified that and Dieter Sauer was personally informed by the SEC that he was required to relay that information to their new accountant and not let them rely on any previous audit opinions.
Which will be first... getting kicked off the OTCQB or getting halted by the SEC?
Stay tuned.
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