Flitways Technology Inc (FTWS)

[EM60192]

OTCQB requirments. I like the second item on the list.

Eligibility Requirements

U.S. companies must have audited annual financials by a PCAOB auditor. (Tier 2 Regulation A Companies are exempt from requirement to use a PCAOB auditor for their initial audit)

Meet minimum bid price test of $0.01

Not be in bankruptcy

Have at least 50 Beneficial Shareholders, each owning at least 100 shares

Have a freely traded Public Float of at least 10% of the total issued and outstanding of that security.

Companies with a freely traded Public Float of at least 5% (and $2 million in market value of public float), or a separate class of securities traded on a national exchange may apply for an exemption (see OTCQB Standards)

International companies must be listed on a Qualified Foreign Exchange (or SEC Reporting) and submit a Letter of Introduction from an approved OTCQB Sponsor

Reporting Requirements

Meet one of the following Reporting Standards:

SEC Reporting Standard

Regulation A Reporting Standard (Tier 2)

U.S. Bank Reporting Standard

International Reporting Standard

Alternative Reporting Standard

Timely disclosure of material news

Corporate Governance Requirements (Alternative Reporting only)

Have a board of directors that includes at least two Independent Directors

Have an Audit Committee, a majority of the members of which are Independent Directors

Verification Requirements

Maintain a Verified Company Profile

Post initial and annual verification and management certification