RedHawk Holdings Corp (fka SNDD)

[AlwaysRed]

OTCQB requirements:

https://www.otcmarkets.com/corporate-services/get-started/otcqb

"Meet Minimum bid test"

https://www.securitieslawyer101.com/otc-markets-101/

OTCQB Minimum Bid Test

Initial Requirements

Meet an initial bid price test of $0.01 as of the close of business for each of the previous 30 calendar days

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.

Ongoing Requirements

Meet an ongoing minimum bid price test of $0.01 as of the close of business for at least one of every 30 calendar days

The initial requirements and ongoing requirements once a ticker is listed as a QB are different.

What are the benefits of uplisting to OTCQB:

https://www.otciq.com/services/otcqb

Company Benefits on OTCQB
Minimum bid price test of $0.01 removes companies that are most likely to be the subject of dilutive stock fraud schemes and promotion
Improved investor confidence through verified information, confirming that the Company Profile displayed on www.otcmarkets.com is current and complete
Annual management certification process to verify officers, directors, controlling shareholders, and shares outstanding
Greater information availability for investors through the OTC Disclosure & News Service
Transparent prices for investors through full-depth of book with Real Time Level 2 quotes

It looks to me that we are 3 weeks into the 4 weeks necessary for uplisting to OTCQB.

I am hoping that this is the next move that helps move this stock up and helps increasing investor confidence.