Sunset Island Group Inc (SIGO)

[loanranger]

"In your original post you "implied" it had something to do with the $12,000 annual fee for an OTCQB listing"

You inferred that from my comment, but that's not what I intended to imply. My intent was to point out that Sunset pays a substantial fee to OTCMarkets and that fact may slow OTCM's action to remove them. In fact the guidelines bear that out.

I have found the specific answer to this question in the OTCQB Standards publication at https://otc-ct-otcm-backend-prod.s3.amazonaws.com/files/otcqb_standards-1514993110085.pdf

4 Removal, Withdrawal or Suspension of OTCQB Companies
4.1 Removal of OTCQB Companies for Failure to Meet Requirements
1) OTC Markets Group may remove the Company’s securities from trading on the OTCQB market for the Company’s failure to meet the requirements set forth in Section 2 of these OTCQB Standards or any other obligations under these OTCQB Standards, which determination shall be made by OTC Markets Group in its sole and absolute discretion, unless such failure is cured within the time frames set forth below:
a. Filing Delinquency. Companies delinquent in their filings are granted a cure period of 45
calendar days from the original due date set forth in Section 2.2 (2);



As we know the 10-K was due on January 29th (90 days from the 10/31 year end date).
The company filed a 12B-25 Lateness Notification that provided a 15 day grace period. The company indicated in that filing that they would file withing the grace period. They did not, so they are late in terms of their SEC filing obligation.

However, as you can see from the above, OTCMarkets provides a 45 day cure period from the original due date before they remove the Company’s securities from trading on the OTCQB market.

45 Days from January 29th is March 16th (check my math).