OTC Markets Issues First Monthly Lists of Compliance Downgrades and Caveat Emptor Designations

Posted on November 9, 2017 by PubCoCEO Staff 16 comments

Last week, OTC Markets Group announced that it will begin disseminating, on a recurring monthly basis, a list of downgrades from its respective OTCQX and OTCQB markets as well as a separate list of Caveat Emptor Designations that have occurred in the previous calendar month.

“This initiative is part of our ongoing efforts to strengthen our OTCQX and OTCQB markets and to make available key data and information that empowers investors to make informed decisions“, said Liz Heese, OTC Markets Group Executive Vice President of Issuer and Information Services. “Our Issuer Compliance team is a key component to helping ensure that companies on our premium markets are meeting the required eligibility and disclosure standards, and to implement safeguards that help market participants and regulators easily identify companies that may be subject to a public interest concern.”

In addition to providing names of issuers, stock symbols and dates of the respective OTCQX and OTCQB downgrade designations, the notification will also include one of the following reasons for the downgrade:

-Public Interest Concern
-Does not Meet Penny Stock Test (OTCQX Only)
-Market Cap Deficiency (OTCQX Only)
-Filing Delinquency
-Non-Compliance with OTCQX Standards
-Non-Compliance with OTCQB Standards
-Bid Price Deficiency

Downgrades from OTCQX and OTCQB – October 2017

Company	Symbol	Original Market	Downgraded Market	Reason	Removal Date
2050 Motors, Inc.	ETFM	OTCQB	Pink Curent	Non-Compliance with OTCQB Standards	10/17/2017
Alanco Technologies, Inc.	ALAN	OTCQB	Pink No Information	Non-Compliance with OTCQB Standards	10/23/2017
Algae Dynamics Corp.	ADYNF	OTCQB	Pink Limited	Filing Delinquency	10/2/2017
China Shouguan Investment Holding Group Corp	CHSO	OTCQB	Pink Curent	Non-Compliance with OTCQB Standards	10/19/2017
Global Gold Corp.	GBGD	OTCQB	Pink Limited	Filing Delinquency	10/2/2017
Great Basin Scientific, Inc.	GBSN	OTCQB	Pink Limited	Filing Delinquency	10/2/2017
LI3 Energy, Inc.	LIEG	OTCQB	Pink Curent	Non-Compliance with OTCQB Standards	10/2/2017
MoneyOnMobile, Inc	MOMT	OTCQX	OTCQB	Does not Meet Penny Stock Test	10/6/2017
MyDx, Inc.	MYDX	OTCQB	Pink Curent	Bid Price Deficiency	10/3/2017
Nightfood Hldgs Inc.	NGTF	OTCQB	Pink Curent	Public Interest Concern	10/24/2017
Novus Robotics, Inc.	NRBT	OTCQB	Pink Curent	Public Interest Concern	10/9/2017
NXChain Inc.	NXCN	OTCQB	Pink No Information	Filing Delinquency	10/16/2017
Petrone Worldwide, Inc.	PFWI	OTCQB	Pink Curent	Bid Price Deficiency	10/31/2017
PositiveID Corp.	PSID	OTCQB	Pink Curent	Public Interest Concern	10/24/2017
REGI U.S., Inc.	RGUS	OTCQB	Pink No Information	Filing Delinquency	10/26/2017
Sincerity Applied Materials Holdings Corp.	SINC	OTCQB	Pink Curent	Non-Compliance with OTCQB Standards	10/12/2017
SpendSmart Networks, Inc.	SSPC	OTCQB	Pink Limited	Filing Delinquency	10/2/2017
Standard Metals Processing, Inc.	SMPR	OTCQB	Pink Limited	Filing Delinquency	10/2/2017
The Pulse Beverage Corp.	PLSB	OTCQB	Pink Curent	Bid Price Deficiency	10/26/2017
Todos Med Ltd.	TOMDF	OTCQB	Pink Curent	Bid Price Deficiency	10/31/2017
VW Win Century, Inc.	VWIN	OTCQB	Pink Limited	Filing Delinquency	10/2/2017
Yappn Corp.	YPPN	OTCQB	Pink Curent	Non-Compliance with OTCQB Standards	10/3/2017

In addition to downgrades, OTC Markets Group designates certain securities as “Caveat Emptor” by placing a skull and crossbones icon next to the stock symbol on the otcmarkets.com website. The Caveat Emptor designation is intended to inform investors that there may be a public interest concern related to the security and that investors should exercise additional care and perform thorough due diligence before making an investment decision.

The list of Caveat Emptor designations to be distributed by OTC Markets Group will provide names of issuers, stock symbols and the date the designation was added or removed.

Caveat Emptor Changes – October 2017

Company	Symbol	Caveat Emptor Status	Market Tier	Date
Adaiah Distribution Inc.	ADAD	Removed	Pink Curent	10/18/2017
AgTech Global International, Inc.	AGGL	Added	Pink No Information	10/27/2017
All State Properties Holdings Inc.	ATPT	Added	Pink No Information	10/13/2017
Atacama Resources International, Inc.	ACRL	Removed	Pink Curent	10/18/2017
Bigfoot Project Investments Inc.	BGFT	Removed	Pink Curent	10/4/2017
Charter Oak Bank (CA)	CHOB	Added	Pink No Information	10/13/2017
Ecosciences, Inc.	ECEZ	Removed	Pink Curent	10/6/2017
eMARINE Global Inc.	EMRN	Removed	Pink Curent	10/10/2017
FFP Marketing Co., Inc.	FFPM	Added	Pink No Information	10/25/2017
First Harvest Corp.	HVST	Removed	Pink Curent	10/17/2017
NanoSave Technologies Inc	NNSV	Added	Grey Market	10/3/2017
Novus Robotics, Inc.	NRBT	Added	Pink Curent	10/6/2017
Nutech, Inc.	NTCI	Added	Pink No Information	10/23/2017
Poseidon Concepts Corp	POOSF	Added	Pink No Information	10/26/2017
Primal Solutions, Inc.	PMSO	Added	Pink No Information	10/20/2017
Quest Management Inc.	QSMG	Removed	Pink Curent	10/13/2017
Rainmaker Worldwide Inc.	RAKR	Added	Pink Curent	10/10/2017
Redux Holdings, Inc.	RDXH	Removed	Pink No Information	10/24/2017
Redux Holdings, Inc.	RDXH	Added	Pink No Information	10/13/2017
Rexhall Industries, Inc.	REXLQ	Added	Pink No Information	10/3/2017
Summit Environmental Corporation, Inc.	SEVT	Added	Pink No Information	10/5/2017
Suntex Enterprises, Inc.	SNTX	Removed	Pink Curent	10/6/2017
U.S. Lithium Corp.	LITH	Added	Pink Curent	10/16/2017