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Re: deet49 post# 863

Monday, 05/03/2021 9:32:58 AM

Monday, May 03, 2021 9:32:58 AM

Post# of 1075
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.

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