NovAccess Global Inc (XSNX)

[tbone1360]

What it does mean is there are going to be a lot of companies between now & May 1st that end up doing a reverse split. I also believe it will be good for the OTC, they have been listening to the complaints and are doing something about it. Scams will still occur but this makes it harder on them. Live by the dilution, die by the dilution

On May 1 for its OTCQB market, OTC Markets will introduce a new minimum one-cent bid price requirement and will require the company's chief executive or chief financial officer to certify that its reporting obligations are current and that disclosures about shareholdings, officers and corporate profile are correct.

The bid requirement, in which stocks must have been quoted for at least 1 cent daily over a 30-day period or be dropped from the market, aims to ferret out companies that fall prey to dilutive stock fraud schemes and promotions, OTC Markets said.