Replies to post #12712 on Urban Ag Corp. (fka AQUM)

[J.T. The DD King]

QX is a little different being primarily for International tickers like Reebok & Roche. I think the new $.01 QB rule is a nice addition. It separates (Sort of) the total BS tickers, from the one's that try to be real, from the tickers that don't even try to look legit.

For example the way tickers like this make money is by selling convertible debt. The company does what the can, with the help of Market Makers to raise the PPS during the spring & summer to be able to borrow money from toxic lenders using shares as collateral.

Once the debt matures, the toxic lenders dump their notes open market, thus tanking the pps to trip zero's. Now with this new OTCMarket's rule, that installs a speed bump in this scam-plan because if they drop under a penny, it's D-List time.

Getting D-Listed isn't the end of the world, but it's not good if a company has worked hard to be QB. The Sarbanes-Oxley accounting standards that are required for QB are VERY expensive.

Doing all of that S/O accounting would gave been in vain, making it somewhat important for a QB to protect their designation with a minimum $.01 Bid. In other words, AQUM should skyrocket in the near future. ;-)