I think he was actually talking about requirements for the QB market because he was talking about the 29th day not 29th December. They don't seem to strictly keep to that rule though as I have seen on another stock that actually went down to 0.0001 and stayed down there and is still trading on the QB for now even months later.
Lol, my wife did not kick me out to the couch just the curb. :-( it is not the 29th of December I am worried about it is the 29th day of trading under .01 and the results may not be pleasant for Vapor Group's QB status...
Initial Requirements Meet an initial minimum bid price test of $0.01 as of close of business for each of the previous 30 calendar days Complete and submit OTCQB application and applicable fees Be current in all periodic reporting requirements on EDGAR (or for companies not required to file on EDGAR, post SEC disclosure on the OTC Markets website) Post on the OTC Markets website: OTCQB Initial Certification (see below for details on Certification requirements
Ongoing Requirements
Meet an ongoing bid price test of $0.01 as of the close of business for at least one of every 30 calendar days Post current SEC disclosure on EDGAR, or for companies that do not file on EDGAR, post current SEC disclosure on the OTC Markets website Post on the OTC Markets website OTCQB Annual Certification
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.
Fiscal Year End 12/31/14 for VPOR. Looks like we have until 04/01/15 to comply
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