Rules and Regs

[TEX]

from the e-zine article, this is interesting:

Once removed, the issuer cannot re-list on the OTCBB for a period of at least one year, and must file at least one Form 10-K and three Forms 10-Qs. If at any time prior to being relisted, the issuer is late in filing a periodic report, the one year period restarts.

And so is this:

If an issuer is late with more than one filing in a row, the sequence of late filings will only count as one "strike" until such time as the issuer gets back current in its filings. Because of this, there is some strategy in how you get back current once you have become delinquent in a filing. For example, if an issuer has missed a filing and has had an "e" appended to their stock symbol, there will be a temptation to file the delinquent filing as soon as possible to get the "e" removed. However, if it is likely that the next filing will also be late, the issuer might consider waiting and doing both filings at the same time in order to incur only one "strike" under this new rule amendment. This strategy has to be weighed against the possibility that, after the "e" period, the issuer will need to submit a new Form 211 to move back up to the OTCBB from the Pink Sheets.