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Post# of 91007
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cazual

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cazual

Re: Sal70 post# 60346

Thursday, 03/27/2014 10:43:38 PM

Thursday, March 27, 2014 10:43:38 PM

Post# of 91007
This applies to new companies and/or those that want/qualify for up-listing to OTCQB.

For those currently trading on the OTCQB;
Quote:
Begining May 1, 2014: Bid Test:
All current OTCQB companies that do not meet the minimum bid test (minimum bid price of $0.01 per share as of the close of business for at least one of the previous thirty consecutive calendar days) will be removed from OTCQB beginning May 1.
http://www.otcmarkets.com/content/doc/otcqb-fact-sheet.pdf

So, if SVFC closes at .01 for a single day in April, they will keep their OTCQB status...which, of corse will not be a problem.
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