No, it doesn’t bring us to the pinks, they will be notified by otc market, then have 30 days to rectify
From mark on that question
Considering that about 1/3 or more of the OTC stocks are not current at some point during the course of a year, the OTC is pretty flexible in terms of giving companies the opportunity to stay current. They give a 30-day grace period on the OTCQB (see below).This is from the OTC site.
Removal/Suspension from OTCQB
A company may be removed from the OTCQB if, at any time, it fails to meet the eligibility and continued quotation requirements subject to a 30-day notice and opportunity to address them. In addition, OTC Markets Group may remove the company’s securities from trading on OTCQB immediately and at any time, without notice, if OTC Markets Group, upon its sole and absolute discretion, believes the continued inclusion of the company’s securities would impair the reputation or integrity of OTC Markets Group or be detrimental to the interests of investors.
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