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Edward

11/25/22 1:27 PM

#4591 RE: bob4uall #4590

Actually there is an 180 day day Grace period:

"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;
Use an SEC registered transfer agent and authorize the transfer agent to provide information to OTC Markets about the Company securities, including but not limited to, shares authorized, shares issued and outstanding, and share issuance history."

https://www.legalandcompliance.com/securities-law/otc-market-compliance/otc-markets-listing-requirements/otcqb-listing-requirements/