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

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

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

 

Learn more HERE.

 


 

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