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Re: krisc62 post# 27842

Friday, 06/05/2020 9:02:39 AM

Friday, June 05, 2020 9:02:39 AM

Post# of 50005
TLSS Penny Stock Exempt

This security is exempt from the definition of a Penny Stock under SEC under Rule 240.3a51-1 because it meets one of the following tests: 1) A price of over $5 per share, 2) the issuer has Average Revenue of at least $6 million for the last 3 years, or 3) the issuer has Net Tangible Assets in excess of $2 million if the issuer has been in continuous operations for at least 3 years or $5 million if less than 3 years.


https://www.otcmarkets.com/glossary#penny-stock-exempt
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