PHI Group Inc (PHIL)

[Djk0689]

OTCQB Requirements and a countdown clock an investor MasterFelda created. We are currently being tested for the $.01 range and many want us to fail this. Now that we are current it will only be such a short time before we up-list.

https://www.tickcounter.com/countdown/2630479/until-phil-qualifies-for-uplist-to-otcqb

OTCQB offers early stage to fully reporting companies the benefits of being a publicly traded company. Noteable OTCQB companies including Fannie Mae (OTCQB: FNMA), Freddie Mac (OTCQB: FMCC), and CV Sciences, Inc. OTCQB

Eligibility Requirements:

Audited annual company financials by a PCAOB auditor according to U.S. GAAP
At least 50 beneficial shareholders with at least 100 shares each
Non-shell companies only

Meet Corporate Governance standards including having two Independent Directors and an Audit Committee

Current in public reporting requirements with SEC, ARS or banking regulator

Be listed on a Qualified Foreign Exchange or be a U.S. reporting company (SEC, ARS, or U.S. Bank)

Provide timely disclosure of material news.

Not be in bankruptcy

Meet minimum bid price test of $0.01

Free trading shares (Public Float) of at least 10% of total outstanding shares

Have an SEC registered transfer agent, like Colonial Stock, that participates in the Transfer Agent Verified Shares Program.

Requirements for OTCQB listing include that the company: (i) must have a minimum bid price of $0.01 per share as of the close of each business day for each of the previous thirty calendar days prior to its application date and (ii) once quoted on the OTCQB, the company must maintain a minimum bid price of $0.01 per share as of the close of the business day at least one time per thirty (30) consecutive calendar days.