Been hashing this over with some others on other plays, going through the same thing. According to email replies and to the OTC guidelines, companies that have FYE Dec 31, have to meet the .01 closing bid benchmark on May 1st (have closed at .01 or higher at least 1 day in those 30 calendar days).
Then, it is a moving 30 calendar day window. Once out, a company needs to re-apply, re-pay, and re-meet requirements to get back in.
Here is my question: What does a company gain from being on the QB compared to Pinks?
Yes, yes, I know all about reporting and transparency, but a company can still do that (and should) on the Pinks.
So why pay the huge cost to be QB, especially when most of these companies have 0 revenues, and if they do have revenues, have negative earnings? I don't get it.
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