Branded Legacy Inc (BLEG)

[sleekscape]

No $.01 QB Listing Requirement Due to Market Conditions

Knife shared some excellent DD concerning why any delistings based on price have been postponed due to current market conditions

The same postponement of price requirement has taken place in every historic market meltdown (2000, 2008 and now 2020) and generally covers the Nasdaq and NYSE as well

There is also a 30-day cure period that conveniently never gets mentioned either when this subject is discussed

The bottom line is that VATE is not in any immediate danger of losing their QB listing due to trading under $.01 until June 10th at the very earliest

And under these market conditions, the exchanges are very likely to keep extending the moratorium on delistings for a minimum of several more months

I don’t expect VATE to remain under $.01 for too much longer, anyway

But right now, any possible delisting due to price looks like something that VATE wouldn’t be subject to until August or September, which is 4-5 months away

So any discussion of delisting right now is really irrelevant

Thanks again for sharing your DD, Knife

Regards,
Sleek


The following is Knife’s DD on the $.01 listing requirement for QB being postponed due to market conditions:

You can find the answer to the de-listing question on the OTC Markets website.

Click the link below, scroll down to the Rules section, and click the last drop down, which starts with "Temporary relief". The drop down will turn into a PDF link from March 10th, 2020 which reads:

“In consideration of current market conditions and recent volatility, OTC Markets Group has determined to temporarily delay sending any new compliance deficiency notices to OTCQX and OTCQB companies related to Bid Price, Market Cap, or Market Value of Public Float. No new notices will be sent prior to April 10, 2020.
Additionally, any OTCQX or OTCQB company that has already received a compliance notice related to Bid Price, Market Cap, or Market Value of Public Float with a cure period expiring in March will automatically receive an additional 30 days to cure their deficiency.
We will continue to monitor market conditions and may extend this relief if warranted.”

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