8-K: Investview, Inc. Faces Potential Delisting from OTCQB Market Due to Low Share Price

Investview, Inc. has received notice from the OTC Markets Group that its share price has fallen below the minimum threshold for continued listing on the OTCQB market, triggering a cure period.

Summary

• Investview, Inc. received a notice from the OTC Markets Group on September 23, 2024, stating that its bid price closed below $0.01 for more than 30 consecutive days.
• This failure to maintain a minimum closing bid price of $0.01 per share violates the OTCQB Standards for Continued Eligibility.
• The company has been granted a 90-day cure period, ending on December 22, 2024, to regain compliance.
• To remain on the OTCQB, the company's stock price must close at or above $0.01 for ten consecutive trading days during the cure period.
• If the company's stock price falls below $0.001 for five consecutive trading days, it will be immediately delisted from the OTCQB.
• Investview intends to monitor its stock price and may consider share repurchases to regain compliance.

Sentiment

Score: 3

Explanation: The document indicates a significant negative event with the potential for delisting, which is a major concern for investors. The company is taking steps to address the issue, but the outcome is uncertain.

Positives

• The company has been granted a 90-day cure period to regain compliance with the OTCQB listing standards.
• Investview is actively monitoring the situation and considering actions such as share repurchases to address the issue.

Negatives

• The company's stock price has fallen below the minimum threshold of $0.01 for continued listing on the OTCQB market.
• There is a risk of delisting from the OTCQB if the company fails to meet the compliance requirements by December 22, 2024.
• The stock price could be immediately delisted if it falls below $0.001 for five consecutive trading days.

Risks

• The company faces the risk of being delisted from the OTCQB market if it cannot raise its stock price above $0.01 for ten consecutive trading days by December 22, 2024.
• There is a risk of immediate delisting if the stock price falls below $0.001 for five consecutive trading days.
• The company's ability to regain compliance is uncertain and depends on market conditions and the effectiveness of its actions.
• The company's forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially.

Future Outlook

The company intends to monitor its stock price and assess potential actions, including share repurchases, to regain compliance with OTCQB standards. However, there is no guarantee of success.

Management Comments

• The company intends to monitor the closing bid price of its common stock and will assess potential actions to regain compliance with the OTCQB Standards, which could include implementing periodic share repurchases in the market.

Industry Context

This announcement highlights the challenges faced by companies with low stock prices, particularly those trading on over-the-counter markets. It underscores the importance of maintaining minimum bid price requirements to ensure continued listing and investor confidence.

Comparison to Industry Standards

• The OTCQB market has specific listing requirements, including a minimum bid price of $0.01 per share, which Investview has failed to meet.
• Other companies listed on the OTCQB are also subject to these standards, and failure to comply can lead to delisting.
• Companies like Investview that are struggling with low share prices may need to consider various strategies, such as reverse stock splits or share repurchases, to regain compliance.
• The OTCQB standards are designed to ensure a minimum level of financial health and investor protection.

Stakeholder Impact

• Shareholders face the risk of losing their investment if the company is delisted from the OTCQB.
• The company's employees may be affected by the uncertainty surrounding the company's future.
• The company's customers and suppliers may also be impacted by the potential delisting.

Next Steps

• The company will monitor its stock price.
• The company will assess potential actions to regain compliance, including share repurchases.
• The company must achieve a closing bid price of $0.01 or greater for ten consecutive trading days by December 22, 2024, to avoid delisting.

Key Dates

Keywords

OTCQB, delisting, share price, compliance, cure period, stock repurchase, Investview, OTC Markets Group