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Re: deadboy post# 28999

Wednesday, 05/23/2012 9:55:12 AM

Wednesday, May 23, 2012 9:55:12 AM

Post# of 80876
They have 30 days to get their books in order if the E ends up getting added tomorrow before going to pinks.

When a company that trades on the OTC Bulletin Board (OTCBB) becomes delinquent in its reporting obligations with the SEC (for example, it submits a required filing late or in an incomplete form), the letter “E” will be appended at the end of the company’s stock ticker symbol. After the “E” is added, the company is given 30 calendar days (60 calendar days for most foreign companies and domestic banks), known as the “grace period,” to become current in its reports. If the company files complete required reports during the grace period, the “E” will be removed. If the company fails to correct its deficiency, the company’s stock symbol will be removed from trading on the OTCBB.



http://www.sec.gov/answers/eadded.htm

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