Finance & Investing | General News | Capital Markets
GeoPetro to Trade Stock on OTCQB Market
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GeoPetro Resources Company has reported that its common stock will begin trading on the OTCQB Market commencing August 21, 2013.
The move to OTCQB does not change the Company's SEC reporting obligations under applicable securities laws. Accordingly, the Company will continue to file its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
On August 12, 2013, the Company received a letter from NYSE MKT LLC advising the Company that the Exchange will suspend trading of the Company's common stock based upon the Company's continued non-compliance with Section 1003(a)(iv) of the Exchange's Company Guide. The Company may request a review of this decision by the full Committee on Securities. However, a request for review by the full Committee on Securities will not operate as a stay of the decision. Accordingly, the Exchange will suspend trading in the Company's common stock at the close of the market on August 20, 2013. The commencement of trading on the OTCQB on August 21, 2013 will allow for uninterrupted trading of the Company's common stock.