TheDirectory.com Inc (SEEK)

[76usmc]

Just posted on Facebook from SG.

Yesterday OTC Markets released new requirements for quotation on it's OTCQB marketplace. The two key changes are they are now charging $12,500 ($2,500 application fee and $10,000 per year) up from charging nothing previously to be an OTCQB Company, and as of May 1st all OTCQB Companies must have a $.01 bid price. Strangely they do not require any operating metric's like revenue or profit levels just a fee and a bid price.

Based on this news we are now evaluating upgrading to the OTCBB instead of the OTCQB, we feel most smaller companies will now head to the OTCBB. The most important part of this process is for us to become an SEC Exchange Act Reporting Company, which we hope to be come very soon. We see little difference between the OTCBB and the OTCQB other then the fact that the OTCBB is owned and operated by FINRA as opposed to OTC Markets being a publicly traded Company. We'll discuss this in more detail on our next conference call. We expect a response from the SEC regarding our amended form 10 (Filed last week) any day now.

https://www.facebook.com/thedirectory