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MD-420

11/18/21 12:53 AM

#109635 RE: BirdsOfFire #109630

One has a marker maker and bid/ask are listed. The other has no bid/ask listed and is much harder to trade because there is no market maker. Typically when a stock is down listed to the gray market, it's extremely bad for the share price.

A question I have is, will there be additional hoops to jump through to get uplisted back to the otc?

If you look at past filing dates, including mcig you'll see there are always huge delays in filings even after being audited. Just think how late they are going to be. Yeah sure, they're working on it...lmao. I'll bet things are so screwed up that they never make it back to the otc with this ticker.

Another question, do they have any debt tied to share price? They seem to take .05.

Big drop coming. They'll try to keep it at
05 for a long as the can to give shareholders a false sense of security, but I think this will drop big. They have zero revenue and only hopes and dreams.

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lesgetrich

11/18/21 11:19 AM

#109651 RE: BirdsOfFire #109630

The Expert Market is a subset of the Over The Counter (OTC) market...

OTC Markets 15c2-11 Resource Center

Q: How will the amendments to Rule 15c2-11 change the OTC market?

A: Effective September 28, 2021, the Rule requires that current information about an issuer be publicly available for a security to become quoted initially and remain quoted on an ongoing basis, subject to certain limited exceptions. Quotations submitted on an “unsolicited” basis will still be permitted under the amended Rule for securities in certain OTC Markets tiers, but insiders and affiliates will be subject to additional limitations discussed below.

Q: How are the OTC Markets tiers changing?

A: OTC Markets is reclassifying certain issuers in its various market tiers in accordance with the Rule.
* No change is anticipated for securities that remain classified in the OTCQX, OTCQB, or Pink Current market tiers.
* Many stocks are being moved to the Pink Limited and Expert Tier and designated by OTC Markets as “unsolicited quotes only.” Clients can close these positions by placing orders online. Opening orders in these positions cannot be accepted online or by phone.
* No public quotations are permitted for securities classified in the Grey market tier.




What is the Expert Market?

The Expert Market is a market tier that serves broker-dealer pricing and best execution needs in securities that are restricted from public quoting or trading. OTC Markets Group designates certain securities for quoting on the Expert Market based on a lack of issuer disclosure and other security attributes. Quotes on the Expert Market are unsolicited only and distribution of Expert Market quotations is limited to broker-dealers and other professional and sophisticated investors.




Information for Pink Companies

If OTC Markets Group is not able to confirm that a company is publishing current information, either to the SEC, the company’s home country regulator, or directly to OTC Markets Group, the company may no longer be eligible for public quoting as of September 28, 2021. After that date, companies that seek to commence or resume a public, broker-dealer quoted market must undergo an initial information review in accordance with Rule 15c2-11.

The required initial information review will be incorporated into the normal application process for companies applying to our OTCQX and OTCQB markets. Guidelines on the OTCQX and OTCQB application process are available here.

How to become quoted on the Pink Market

The Pink Market is broker quoted, and companies seeking to begin or resume being the subject of broker-dealer proprietary quotes on the Pink market should work directly with a broker-dealer to submit a Form 211 with FINRA. To maintain an ongoing public quote, these companies will still need to provide current public disclosure on an ongoing basis, either through the SEC, the company’s home country regulator, or our OTC Disclosure & News Service.

At this time, OTC Markets is only performing Initial Reviews for companies applying to OTCQX and OTCQB.