Tuesday, June 10, 2014 2:26:33 PM
trading.
"Aside from periodic reporting, the Exchange Act also mandates disclosure at certain crucial points so that investors can make an informed decision before exercising ownership rights in stock."
http://www.law.cornell.edu/wex/securities_exchange_act_of_1934
pink sheet status (otclink) exempts you from annual reporting but
not possibly multi-year without reporting.
http://www.sec.gov/answers/pink.htm
http://www.sec.gov/Archives/edgar/data/742248/999999999712007985/filename1.pdf
Thus if they were to do their update they would be able to trade and then provide just some type of disclosure on a non yearly basis.
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