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janice shell

04/04/20 5:18 PM

#46826 RE: snax #46818

How did they change their mind?

I don't know. They shouldn't have. This is an excerpt from the form market makers must fill out if they want to publish unsolicited quotes:

17. OTC Markets may decline the publication of unsolicited quotations that fail to satisfy certain standards. OTC Markets generally will publish unsolicited quotations in securities that meet one of the following five conditions.

Please indicate the condition(s) applicable to the security you wish to quote and provide the requested additional information.

1. The issuer of the securities is subject to Section 13 or 15(d) of the Exchange Act, is current in its filing obligations and has seasoned securities currently trading on the NYSE, AMEX, NASDAQ, OTCBB or OTC Link.

Issuer’s CIK code and trading symbol of the seasoned securities:_____________________________

2. The securities were recently delisted from NYSE, AMEX, NASDAQ or the OTCBB.

Delisted from: _____________________________________ Date: __________________________

3. The issuer is a bank, savings and loan, or insurance company, and is regulated by a federal or state agency, office or department.

Name of regulatory agency, office or department: __________________________________________

4. The securities were recently issued as part of a bankruptcy plan of reorganization.

Which bankruptcy court? _______________________________ Date: ________________________

5. The security being quoted is a foreign ordinary, which is listed on a non-US exchange included in OTC Markets’ List of Qualifying Exchanges (see: www.otcqx.com/otcqx/iQualifiedForeignExchange), or an ADR representing such ordinaries.

On which Qualified Exchange are the securities listed? _____________________________________

OTCM then adds:

18. Unsolicited quotations on securities that fail to satisfy one of the conditions described in paragraph 17 will be considered for publication under certain hardship conditions and other special circumstances. If the security or the issuer of the security for which you are submitting a quotation representing an Unsolicited Customer Order does not satisfy any of the conditions set forth in paragraph 17, please state the reasons we should publish your unsolicited quotation in this case. OTC Markets, as a matter of policy, does not believe that the Unsolicited Quote Exemption should be used to circumvent the FINRA Form 211 process.

https://www.otcmarkets.com/files/unsolicited-quote-form-1514935916031.pdf

Given that, I really don't see why anyone at OTC Markets would even have considered allowing CRGP to trade unsolicited.