MLFB Management and Board Approve Upgrade to OTC Markets'® QB to Facilitate MLFB Share Ownership and Following
LAKEWOOD RANCH, FL -- Sep 16, 2015 -- Major League Football, Inc. (OTCQB: MLFB) ("MLFB" or the "Company"), a new, professional spring-football league scheduled to kick off in 2016, today announced the Company's shares have completed its application process and upgrade to OTC Markets' 'QB' designation. MLFB shares will begin trading on OTC Markets' QB today, September 16, 2015.
"Our ever-improving liquidity required that we consider upgrading our listing to a higher tier on OTC Markets' platform. We expect this will facilitate greater ease in acquiring our shares and development of an increased following of shareholders and brokers who prefer the QB's listing standards," began Michael Queen, EVP of Major League Football, Inc. "Among the Management Team and our Board, this decision was simple and a step in the process of future exchange upgrades on OTC Markets or other exchanges we plan to achieve in the near term. OTC Markets' QB maintains a set of criteria ranging from stock price to increased disclosure practices which we have met and will continue to uphold for our current and prospective shareholders. We also understand our newly achieved QB designation will facilitate increased presentation of our shares as an investment option and its ease in acquiring our shares through retail platforms and brokerage accounts."
About OTC Markets' QB Designation
The OTCQB® Venture Marketplace is for entrepreneurial and development stage U.S. and international companies. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. These standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. Companies must meet a minimum $0.01 bid price test and may not be in bankruptcy. OTCQB criteria include:
Companies are current in their reporting to a U.S. regulator or are listed on a qualified international stock exchange
Minimum bid price test of $0.01 removes companies that are most likely to be the subject of dilutive stock fraud schemes and promotion
Improved investor confidence through verified information, confirming that the Company Profile displayed on http://www.otcmarkets.com is current and complete
Annual management certification process to verify officers, directors, controlling shareholders, and shares outstanding
Greater information availability for investors through the OTC Disclosure & News Service
Transparent prices for investors through full-depth of book with Real Time Level 2 quotes
Apparently that deal hasn't closed and MLFB is learning that you can't lie as much as the FXFL does when you are accountable to the SEC.
Stock closes unchanged at $0.90 today, but way up from before this supposed rich investor came on board.
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UNITED STATES BASKETBALL LEAGUE
which last played in 2007 when the Kansas Cagerz won the USBL Championship by defeating the Brooklyn Kings 9592 in Enid, Oklahoma but still has shares and they are still being traded!!!