Replies to post #10233 on Thinspace Technology Inc. (fka THNS)

[rmuncast]

According to your information provided, there is currently no risk of THNS being delisted.

They have filed the last 2 10Q's in an untimely matter, however it takes 3 times in a 2 year period for quoting services to be removed.

On the second part, they have yet to fail to report within 30 days of the filing deadline (let alone twice), resulting in their securities being removed from the quoation service (let alone twice).

Plus, these failures will lead to removal of quotations and not delisting.

In the case of a company with securities quoted in an over the counter market, like the OTC Bulletin Board, there are no listing requirements. However broker-dealers participating in the OTC Bulletin Board markets are members, and governed by the rules, of the Financial Industry Regulatory Authority (FINRA). FINRA Rule 6530(e) prohibits members from quoting the securities of a company that has failed to timely file a required report three times in any 2-year period, or that has had its securities removed from the OTC Bulletin Board quotation service twice in a 2-year period for failing to file a required report within 30 days of the filing deadline. Once a company’s securities are prohibited from being quoted on the OTC Bulletin Board the company must timely file all required reports for a period of one year before it can regain eligibility