Columbia Bakeries, Inc (fka CBBS)

[DTGoody]

Q10 What happens to an issuer when it is removed from the OTCBB for failure to comply with Eligibility Rule requirements? How can it get back on the OTCBB?
A10 The SEC has granted an exemption from SEC Rule 15c2-11 for securities that were quoted on the OTCBB on or before January 4, 1999 that will no longer be eligible to be quoted on the OTCBB due to the phase-in implementation. The exemption will permit broker-dealers to publish or submit quotations in other quotation mediums, including the National Quotation Bureau’s Pink Sheets, subject to certain conditions. For further information on this exemption, click here.
When an issuer is removed from the OTCBB and subsequently comes into compliance with the Eligibility Rule, it can come back onto the OTCBB after a Market Maker submits a Form 211 to the OTC Compliance Unit of NASD Regulation and the OTC Compliance Unit has cleared that issuer for quotation.

I'm not sure how long this process will take? But, I do agree with you as I believe this will run hard with any decent news Pink or Not!

Dave