HIRU..... Newest MJ stock gives shareholders an update on the removal of the Caveat Emptor by OTCMarkets
Feb 22, 2017
Hiru Corporation announced today that OTCMarkets has requested additional information needed in order to remove the â??Caveat Emptorâ? from the companyâ??s ticker.
OTCMarkets responded to the companyâ??s request to remove the Caveat Emptor more than a week ago but the responses were going to an email address that was no longer used so the company did not receive them at the time they were sent causing a significant delay. Hiru Corporation affirms that it has corrected the problem and future notices should be received in a timely fashion from this point forth.
The one page request from OTCMarkets asks for documentation regarding a few balance sheet items and a better, more in-depth explanation of who the principals and controlling shareholders are along with a shareholder list. Management believes these requests are designed to make sure that the company is not in danger of massive dilution or involved with individuals that have been deemed â??bad actorsâ?.
â??I fully respect OTCMarkets decision to dig deeper into the company before removing the Caveat Emptor, and although it has caused us significant delays, I think it is good to know that they are not just rubber stamping these things, but actually investigating them fullyâ?, said HIRU CEO, John Zimmerman, adding, â??I am extremely confident that we can easily provide them the information they need and that they will agree with us that this company is not, or no longer deserving of a Caveat Emptorâ?.
Once the response is delivered to OTCMarkets in the next day or two, they will then decide whether or not they need further clarification, or if the Caveat Emptor can be removed. The company has been holding off its efforts to move forward with several acquisition targets awaiting the removal of the Caveat Emptor, so everyone is hoping the process is not going to take much longer. However, the company has vowed to do its best to supply OTCMarkets with whatever they need to make the determination for removal, and HIRU Corporation fully supports OTCMarkets in their effort to protect shareholders.
Once this issue is resolved, HIRU Corporation will move forward with its plans and begin filling in the public on the exciting new direction and businesses that will be part of the company. Management is very confident that this will not take much longer.
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