MultiCell Technologies Inc (MCET)

[SweepsMcGee]

According to the OTC Markets' new rule, current QB companies must close at a penny or higher on a minimum of one day during this month of April; this is what they call the "bid test". If they don't, they will be dropped to the Pink tier effective May 1st. I confirmed this earlier today with a resource at OTC Markets ([e-mail]), per the following e-mail:

Sweeps McGee <[e-mail]> Wed, Apr 2, 2014 at 12:45 PM
To: [e-mail]
Good afternoon!

As an investor, I have a question regarding the new changes to QB companies taking effect on May 1st.

With regard to the "bid test" requirement: If a current QB company's stock price does not reach a penny or higher during this current month of April, does that mean the company will be dropped to the Pink reporting tier on May 1? I'm basing this question on page 1 of the fact sheet that was provided (www.otcmarkets.com/content/doc/otcqb-fact-sheet.pdf) where it states "Beginning 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".

Thank you for your assistance!



Issuer Services <[e-mail]> Wed, Apr 2, 2014 at 1:04 PM
To: Sweeps McGee <[e-mail]>

XXX,

Yes, the company would need to be quoted at a penny or higher at least one day in April to qualify for OTCQB on May 1st.

Best regards,

Ed McCann

Issuer and Information Services

304 Hudson Street 2nd Floor
New York, NY 10013-1015

T [phone]