Maybe you should actually read it before posting. Its not even an SEC rule. Its an OTC market change.
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 .
And just in case you need to actually read the whole thing here is the link: