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Thursday, March 27, 2014 9:53:08 AM
http://www.reuters.com/article/2014/03/26/otcmarkets-reforms-idUSL1N0MN13N20140326
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 CEO 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.
OTC Markets also will charge a one-time $2,500.00 fee for new
applicants and an annual $10,000.00 fee for companies trading on its Markets.
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