Replies to post #24741 on Oncologix Tech Inc (OCLG)

[chemist72]

Securities enter a Grace Period when OTC Markets Group is no longer able to confirm that the issuer’s disclosure is current and publicly available as required under Rule 15c2-11. When a security enters a Grace Period, it can continue to be publicly quoted for 15 days. At the end of the 15-day Grace Period, if the required disclosure is not available, the security will move to the Expert Market for unsolicited quoting only, unless OTC Markets Group determines another exception under Rule 15c2-11 applies, such as the Large Company/ADTV exception.

Above quote can be found under "grace period" in the OTCM glossary.

https://www.otcmarkets.com/glossary

Like I said, I've had personal experience with this process in another OTC ticker.

[chemist72]

Chart linked below may help understand OTCM's latest tier designations and upgrading/downgrading processes.

https://www.otcmarkets.com/files/15c2-11%20Tier%20Chart.pdf