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Replies to post #29398 on Bemax Inc (BMXC)
I-Glow
05/03/17 11:12 AM
#29407 RE: 612rat #29398
All OTCQB companies must meet the minimum bid price of $.01 per share at the close of business of at least one of the previous thirty (30) consecutive calendar days; in the event that the price falls below $.01, the company will begin a grace period of 180 calendar days to maintain a closing bid price of $.01 for ten consecutive trading days;
Eligibility Standards To be considered for admission to OTCQB, a Company shall: Meet one of meet all the following conditions: a. Be an SEC Reporting Company current in its reporting obligations;
Standards for Continued Eligibility 2) Have Bid Price. Maintain proprietary priced quotations published by a Market Maker in OTC Link with a minimum closing bid price of $0.01 per share on at least one of the prior thirty consecutive calendar days. In the event that the minimum closing bid price for the Company’s common stock falls below $0.01 per share, a grace period of 180 calendar days to regain compliance shall begin, during which the minimum closing bid price for the Company’s common stock must be $0.01 or greater for ten consecutive trading days;