Innovation Pharmaceuticals Inc (IPIX)

[TheHound]

Sure they do. READ.

OTCM doesn't have to request the info

4.1 Removal of OTCQB Companies for Failure to Meet Requirements
1) OTC Markets Group may remove the Company’s securities from trading on OTCQB for the Company’s failure to meet the requirements set forth in Section 2 of these OTCQB Standards or any other obligations under these OTCQB Standards, which determination shall be made by OTC Markets Group in its sole and absolute discretion, unless such failure is cured within the time frames set forth below:
a. Filing Delinquency. Companies delinquent in their filings are granted a cure period of 45 calendar days from the original due date set forth in Section 2.2 (2);
b. Bid Price Deficiency. Companies are granted a cure period of 90 calendar days for failure to maintain the minimum bid price set forth in Section 2.3(2). In the event that the minimum closing bid price for the Company’s common stock falls below $0.01 per share for 30 consecutive days, a cure period of 90 calendar days to regain compliance shall begin, during which the minimum closing bid price for the Company’s common stock must be $0.01 or greater for ten consecutive trading days. In the event that the Company’s closing bid price falls below $0.001 at any time for five consecutive trading days, the Company will be immediately removed from OTCQB.
c. Public Float or Beneficial Shareholder Deficiency. Companies are granted a cure period of 30 calendar days for failure to maintain the minimum ongoing requirements set forth in Sections 2.3(3) and 2.3(4). A Company may apply in writing to OTC Markets Group for an extension of the 30-day cure period by submitting a plan to cure the deficiency, which extension may be granted by OTC Markets Group in its sole and absolute discretion.
d. Failure to Respond to OTC Markets Group’s Requests. Companies are required to respond to inquiries and information requests from OTC Markets Group pursuant to Section 2.1(4) within the time period specified in the request, generally no less than two business days.
e. Other Deficiencies. Companies are granted a cure period of 30 calendar days after OTC Markets Group gives the Company notice of any other failure to meet the obligations set forth in Section 2 of these OTCQB Standards.

https://www.otcmarkets.com/files/OTCQB_Standards_v3.4%20_9-1-2020_Clean.pdf