KMA Global Solutions International (KMAG)

[WhiteSahara]

I think the .10 is a hard number. They're looking for legit firms with assets and income. One of the stipulations for staying on QX is highlighted below. The QX is a legitmate SARBOX reroute for many former "listed" stocks.



OTCQX U.S. Initial & Continued Standards
OTCQX U.S. OTCQX U.S. Premier
Total Assets $2 million $2 million
Bid Price $0.10 $1.00
Beneficial Shareholders 50 100
Market Value of Publicly Held Shares $1 million
Publicly Held Shares 500,000
Conduct Annual Shareholders' Meeting Yes
Must also satisfy one of the below Must also satisfy one of the below
Revenue $2 million at least $6,000,000 average for the last three years
Net Tangible Assets $1 million $2 million if in operation for at least three years, or $5 million if in operation for less than three years
Must also satisfy one of the below
Net Income $500,000 $500,000 (in the latest fiscal year or in two of the last three fiscal years)
Stockholders’ Equity $2.5 million
Market Value of Listed Securities $5 million $35 million
Notes:
1) All criteria must be met using data as of the most recent fiscal year except for bid price which is monitored on a daily basis.
2) The OTCQX U.S. Premier requirements incorporate the NASDAQ Capital Market Continued Listing Standards.
3) Publicly Held Shares are defined as total shares outstanding minus shares held by officers, directors, or beneficial owners of more than 10% of the company.