Innovation Pharmaceuticals Inc (IPIX)

[zandant]

Start with cash, a product someone actually wants, and a new CEO...
Here is what AI has to say, which is more than you will ever hear from the failure of a CEO:

"How to get a stock off the Expert Market
The key to moving a stock off the Expert Market (and making it available for public trading) involves the issuer fulfilling the disclosure requirements and regaining eligibility for another OTC Markets tier:

-Becoming compliant with information disclosure: The company needs to file current financial and other information required by the SEC or OTC Markets Group. This may include fulfilling reporting requirements, filing a new Form 211 with FINRA and making current public information available.
-Locating a market maker: The company needs to find a broker-dealer willing to file a new Form 211 with FINRA on their behalf. This is an essential step as it facilitates the quoting of the stock on a regulated market.
-Applying for relisting: Once the company has met the disclosure requirements and a market maker has filed a Form 211, the company can apply for relisting on an appropriate OTC Markets tier like OTC Pink. There's no specific timeframe for re-application approval and the process depends on demonstrating compliance.

Implications for investors

Limited liquidity: Stocks on the Expert Market have significantly wider bid-ask spreads, higher volatility and lower liquidity compared to publicly quoted securities.
Restricted trading: Most retail investors may not be able to publicly sell shares on the Expert Market, and access to bid and ask prices or other information is restricted.
Need for professional help: Investors facing difficulties in selling Expert Market securities may need to consult with a broker or a securities attorney to explore options for liquidation or potential re-listing efforts by the company.

It's crucial for companies and investors to be aware of the impact of the Expert Market and to take proactive steps to ensure compliance and avoid the restrictions and negative consequences associated with this tier."