Business
OTC Market Lists Securities of ProBility Media Corp. As Exempt From Penny Stock Designation
OTC Market Lists Securities of ProBility Media Corp. As Exempt From Penny Stock Designation.
About this update from Probility Media Corp.
[{"type":"text","content":"\n\n\n\nOTC Market Lists Securities of ProBility Media Corp. As Exempt From Penny Stock Designation\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nOTC Market Lists Securities of ProBility Media Corp. As Exempt From Penny Stock Designation\nPR Newswire\nCOCONUT CREEK, Fla., Aug. 16, 2021\n\n\n\nCOCONUT CREEK, Fla., Aug. 16, 2021 /PRNewswire/ - ProBility Media Corp (OTCPK: PBYA), an education company building the first online and hands on combined full-service training and career advancement brand for the skilled trades, announces that its status has changed to penny stock exempt as per OTC Markets.  \nTo qualify for \"Penny Stock Exempt\" on OTC Markets, an issuer must satisfy one of the following requirements: (i) the issuer's securities have a minimum price greater than $5 per share; (ii) the issuer has average revenues of at least $6 million for the last (3) years; or (iii) the issuer has net tangible assets exceeding $2 million, if the issuer has been in continuous operations for at lease (3) years or $5 million if less than three (3) years.\nThrough a series of unfortunate events in 2018, ProBility's balance sheet became inflated with debt and its stock price depressed significantly through 2019.  Following the Company's changes from 2019 through 2021 including, reduction and settlement of convertible and straight debt, elimination of non performing business units, replacement of certain members of management, growth of its remaining divisions by digital marketing and transitioning much of its programs online allowed the company to achieve operational profits starting in Fiscal year end 2020.\n\"We are excited to see another positive result in Probility's ascension to a legitimate security and Company in the eyes of regulators.\" stated Noah Davis, President of ProBility. \"Over the past several months, we have achieved many successful wins for the company including the continued clean-up of our balance sheet, new customer contracts, becoming current with our filing obligations pursuant to SEC Rule 15c-211 and OTC Markets and acquisition of Upstryve. ...