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Re: sitruc1956 post# 90596

Friday, 03/02/2018 2:38:43 PM

Friday, March 02, 2018 2:38:43 PM

Post# of 122688
So far it isn't in compliance - I have no idea why you think he is in compliance.

Did you read the 8-K?

"On January 8, 2018, we received a letter from OTC Markets that the bid price of our Class A common stock had closed below $0.01 for more than 30 consecutive calendar days and no longer meets the Standards for Continued Eligibility for OTCQB."

Hanks clearly stated:

"We intend to maintain compliance with the OTCQB Standards."

With the dumping from the toxic lenders - MMEX will continue to not meet the the OTCQB eligibility requirements.

"To the extent that market conditions do not otherwise result in our Class A common stock exceeding the minimum closing bid price requirements, we would expect to effect a reverse split of our Class A common stock in order to achieve compliance with the OTCQB Standards."

Wishful thinking and hoping won't change the fact that Hanks has warned shareholders that he intends to do a reverse split to maintain the OTCQB listing.

April 8th is 90 days - MMEX has a little over a month to cure the eligibility requirements - which is 10 consecutive days at $0.01 or greater.

Time is running out.

IG

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