Replies to post #11689 on SoOum Corp. (fka SOUM)

[zzbirdman]

Does this mean that SWRF has until July 31, 2014 at the minimum. Is their Fiscal Year (FYE) over on March 31st or later? Just curious. Thanks.

OTC Markets will roll out the new procedures
for OTCQB over the course of a year. Each company
will be required to comply with the new OTCQB
procedures 120 days after its Fiscal Year End
(“FYE”). Companies that do not comply with the
new procedures within the required timeframe
will be downgraded to OTC Pink.
Companies with a March 31 FYE will be the first
group of current OTCQB companies subject to
the new requirements and will be required to
comply with the new OTCQB standards by July
31, 2014. The rollout will be complete when the
last group of current OTCQB companies with a
FYE of March 30 are required to comply on July
30, 2015