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Tuesday, January 16, 2018 10:42:42 PM
30th calendar day of not obtaining .01 was Friday 12/29/2018.
IF SEC is timely they may have issued a letter last week. Do you really think they are on top of these infractions? Besides the letter does nothing more than start a 180 day clock...
All OTCQB companies must meet the minimum bid price of $.01 per share at the close of business of at least one of the previous thirty (30) consecutive calendar days; in the event that the price falls below $.01, the company will begin a grace period of 180 calendar days to maintain a closing bid price of $.01 for ten consecutive trading days;
The will then do an RS or have significant announcements that result in stock trading over .01 for 10 days or more...
So which happens first?
Do you think it will be 100:1 or 1000:1 RS?
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