Monday, October 22, 2018 10:14:07 AM
REVERSE SPLIT IS THE ONLY WAY FOR INMG!!!
OTCQB Minimum Bid Test
Requirements for OTCQB listing include that the company: (i) must have a minimum bid price of $0.01 per share as of the close of each business day for each of the previous thirty calendar days prior to its application date and (ii) once quoted on the OTCQB, the company must maintain a minimum bid price of $0.01 per share as of the close of the business day at least one time per thirty (30) consecutive calendar days.
https://www.otcmarkets.com/files/otcqb_standards.pdf
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;
http://www.legalandcompliance.com/securities-law/otc-market-compliance/otc-markets-listing-requirements/
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