regulatory
confidence high
sentiment negative
materiality 0.65
Kisses from Italy receives OTCQB deficiency notice for bid price below $0.01
Kisses From Italy Inc.
- OTC Markets notified company that bid price closed below $0.01 for over 30 consecutive days; no longer meets OTCQB standards.
- Cure period of 90 days until May 9, 2024; must have bid price >= $0.01 for 10 consecutive trading days to regain compliance.
- If not cured by May 9, company will be removed from OTCQB marketplace.
- If bid price falls below $0.001 for five consecutive trading days, immediate removal from OTCQB.
- Company intends to monitor and may consider reverse stock split to regain compliance.