APT MotoVox Group Inc. (MTVX)

[JJSeabrook]

Number 1, the .01 provision doesn't go into effect until May 1st so PPS really doesn't matter right now. Even after that date companies that drop below .01 would be given a compliance letter, just like they do on the big boards. The company then would have a certain period of time to regain the .01 minimum. It's not just a single day at .01 and you're out, and I imagine they'll be considerably more lenient on the OTCQB than they are on the NASDAQ.

JJ


fingers Member Level Wednesday, 04/02/14 02:36:18 PM
Re: None
Post # of 26193
Problem here is if this closes even once under .01 it surely will lose its status on the QB! As soon as it closes less than .01, im out!