One of the requirement to be listed on the OTCQB... a minimum closing bid price of $.01 must be met for each of the last 30 calendar days. In other words, either the stock moves to .01 cents or the company will execute a reverse split, but with the amount of shares outstanding (low) I don't think they will execute a reverse split.
In addition and to my recollection, in order for a company to execute a reverse split to get on the OTCQB it has to be executed at least 6 months prior to applying for the OTCOB, which they have not done. Now, if they are applying for the OTCQB without a reverse split then the OTC Market waived their bid requirement at its sole discretion (it's possible), which could mean that the news that will be coming out will speak for itself causing the price of the stock to rise nicely without a reverse split.
