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Re: lubberboy post# 15698

Friday, 10/01/2021 12:46:15 PM

Friday, October 01, 2021 12:46:15 PM

Post# of 17732
I don’t think it’s coming back. As soon as they filed financials, OTCMARKET took that status off. They qualified based number 2 or 3 criteria below. I guess when they filed their financials on Aug 19, OTC determined that they did not qualify and that’s why they removed the status. That was excuse that they took of the status pending new filing. No, no one does that before reviewing, it’s always done after reviewing new info.

“To qualify for "Penny Stock Exempt" on OTC Markets, an issuer must satisfy one of the following requirements: (i) the issuer's securities have a minimum price greater than $5 per share; (ii) the issuer has average revenues of at least $6 million for the last (3) years; or (iii) the issuer has net tangible assets exceeding $2 million, if the issuer has been in continuous operations for at lease (3) years or $5 million if less than three (3) years.”