CMG Holdings Group Inc (CMGO)

[RCRanger03]

Although it was definitely bad to be under $.01 at close. The way I read these OTCQB stipulations it actually doesn't disqualify CMGO. It just had to have $0.01 prior to application and make .01 once every 30 days to keep it.

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
Complete and submit OTCQB Application and applicable fees
Be current in all periodic reporting requirements on EDGAR (or for companies not required to file on EDGAR, post SEC disclosure on the OTC Markets website)

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
Post current SEC disclosure on EDGAR, or for companies that do not file on EDGAR, post current SEC disclosure on the OTC Markets website
Post on the OTC Markets website