The company must make regular reports to the SEC. "In January 1999, the NASD announced that they would be delisting about 3,400 OTCBB companies that weren't "reporting" to the SEC. The delisting will start in July 1999. The companies will be delisted by trading symbol starting with AA. The last of the companies will be delisted in 2000.
The NASD advises that "non-reporting" companies can become reporting companies by filing a Form 10SB with the SEC. It will cost the non-reporting company over $100,000. I suspect that few non-reporting applicants will get their "Effective" letters before they are delisted." http://www.streetdirectory.com/travel_guide/163204/credit_matters/non_reporting_shells.html
All companies quoted on the OTCBB must maintain at least one registered market maker (see FAQ #14) to remain on the OTCBB. The issuer can’t voluntarily withdraw from the OTCBB, but when the last market maker withdraws from the stock, it is removed from the OTCBB after 4 days pursuant to Rule 15c2-11.
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