Bid Test (OTCQB): 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. Click here for more information on the Bid Test.
Can you please produce the documentation that clearly states that it only needs to be above 1 cent for 1 day out of 30.
In my reading it seems to indicate we must be above 1 cent for 30 consecutive days.
"The bid requirement, in which stocks must have been quoted for at least 1 cent daily over a 30-day period or be dropped from the market, aims to ferret out companies that fall prey to dilutive stock fraud schemes and promotions, OTC Markets said." - REUTERS
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