OTCQB is not an exchange or a trading venue and the companies that qualify and are accepted for OTCQB inclusion are NOT "listed" companies....so they obviously can't be "delisted".
If they cease to meet the listing qualifications, as TAUG did, OTCMarkets will move them to the "Pink" market tier that they qualify for. That is not the same thing as a "delisting", which requires one to first have been listed on a National Exchange.
In fact, in an August 14, 2015 Shareholder Update press release the company said:
"The Company also wishes to confirm to shareholders that it is continuing negotiations with a potential acquisition target that operates in the life sciences space. The target company has decided to continue negotiations with Tauriga, despite the recent move of the Company’s shares from the OTCQB to the OTC Pink Limited Information category."
The "move" description was changed in October when it was apparently decided that "delisting" might have a more damage-worthy tone to it.
“The Company is appreciative of the genuine efforts made on its behalf by the staff of OTC Markets with respect to the listing of its shares on the OTCQB tier exchange. This delisting occurred as a direct consequence of the malpractice committed by the Company’s predecessor audit firm."
The highlighted phrase is half right. The OTCQB is a tier designation by OTCMarkets...it is NOT an exchange. There is no such thing in US Markets known as a "tier excange". Shares don't trade on anything call the OTCQB exchange. The fact that TAUG was included with a number of other companies companies which were on that tier does not make it a "listed" company (except when one makes a list of those companies), a term reserved for companies on Nation Exchanges (NASDAQ, NYSE, etc.).
OTCMarkets moved TAUG from the OTCQB market tier to OTC Limited Information market tier. It did not and could not "delist" TAUG in the proper, formal and commonly accepted sense of that term.
News 
Market Data 
Discover 
