OTC Markets Group Inc. (OTCQX: OTCM), an operator of financial markets, has announced it will begin disseminating, on a monthly basis, a list of downgrades from its both OTCQX and OTCQB markets as well as a separate list of “Caveat Emptor Designations” that have occurred in the previous calendar month. Management says this proactive initiative demonstrates OTC Markets Group’s commitment to transparency and a data-driven approach to improve the efficiency and accessibility of online information for investors.
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
“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.”
Downgrades from OTCQX and OTCQB & Caveaut Emptor Changes 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 |
| 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 |