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OTC says ARCS is on the Dark: Alternative Reporting Standard
https://www.otcmarkets.com/stock/ARCS/profile
What does that mean?
Alternative Reporting Standard: When SEC registration is not required, companies must generally still make information publicly available pursuant to Federal securities laws, including Rule 10b-5 under the Exchange Act and pursuant Rule 144(c)(2) under the Securities Act. OTC Markets Group offers the Alternative Reporting Standard for companies who choose to make material information publicly available to investors
OTCQX U.S. and OTCQB companies incorporated in the U.S. that do not report to the SEC or a U.S. Banking Regulator can follow the Alternative Reporting Standard. These companies provide disclosure pursuant to the Alternative Reporting Standard Disclosure Guidelines for OTCQX and OTCQB. This disclosure is available for investors on otcmarkets.com. OTCQX companies are also subject to the eligibility requirements and terms of the OTCQX Rules for U.S. Companies and OTCQB companies are subject to OTCQB Standards. Companies provide current and potential investors with a set of "material" information to help investors make a sound investment decision. This company disclosure enables an investor to understand the company's business operations and prospects
Pink companies that do not report to the SEC, U.S. Banking Regulators or a Qualified Foreign Exchange may publish disclosure in accordance with the OTC Pink Basic Disclosure Guidelines. These requirements are designed to give an investor the basic information a broker-dealer must maintain under Exchange Act Rule 15c2-11 in order to initiate a quote in a security on the Pink markets. The Alternative Reporting Standard is available both to U.S. and to international Pink companies. Learn how to upgrade to Pink Current.
It is most definitely NOT getting suspended based on current information - CE has nothing to do with suspension as you can see from the stocks that continue to trade with it still on . . . however, IF the company does not get Pink Current soon, there IS the risk of suspension.
So, I'm not actually "expecting" anything at the moment but the SEC filings to be updates - hopefully they get access and get that done ASAP! Then, they can release that shareholder letter . . . we've got bigger fish to fry right now . . . that said, I will be very glad to receive the shareholder letter when it arrives!
I'm definitely on your side! Here's to a great Christmas for everyone!
I concur: sometimes it is darkest just before dawn . . .
What evidence can you give us for that certainty?
To get to Pink Current they need to:
Companies will be processed for Current Information once all required documentation has been submitted:
Financial Statements: Two most recent Annual reports and any subsequent Quarterly Report
Disclosure Statement: Most recent Annual and any subsequent Quarterly Reports
Attorney Letter covering all relevant information for non-audited companies
The Company Profile has been verified through OTCIQ
What evidence can you provide us for that certainty?
Buds can only go so far, bud. LOL
And all who said a prayer for Mick, might offer one up for Raul - you can bet he's going to have a helluva night and next few days!
Lady, go drink your drinks and have that fun . . . we got this for a while! Enjoy your evening! Thanks for all you've done here.
No. See my post below. At least one company had it removed the next day.
https://www.otcmarkets.com/market-activity/compliance-statistics#caveat-emptor
Look at the last company on the list.
Anyone with material information on a stock that has been given CE is well aware that there may be processes at work that might negatively affect them. And you really think they are going to share that information publicly NOW? Nah! I don't blame them. Their information no longer matters:
Either,
1. The company is legit and we are going to have the best Christmas ever,
OR
2. The company is not legit, and we are basically all screwed.
Either way, any emails, tweets, photos, instagrams, pinterests, links, text messages, etc. are out of play. We all wait together. ALL.
Want to help the board?
Refresh this all night long and all day every day until it shows the filings:
https://www.otcmarkets.com/stock/ARCS/disclosure
Be sure to scroll all the way down.
. The Caveat Emptor designation is typically not removed within the first 30 days.
Sense of humor, dude!
It was facetious - referring to the speed at which information moves these days - the filings may already be up - and the entire world will know shortly after!
Here's what we actually know (assuming previous information was accurate):
1. For some reason, OTC put CE on ARCS today.
2. We already had been told that Raul was waiting to get access to upload the filings, which presumes they are ready and may be uploaded as early as tonight (hell, after this sh*t storm, they may be uploaded now).
3. Raul is working alone.
4. This deal, if it happens, will be HUGE for all stockholders.
I have no idea - depends on what happens between now and the morning bell. If Raul was truly working on all the stuff he is supposed to have been working on, he had to be aware this might happen. We'll all find out about the same time. A butterfly farts in Zimbabwe at 8:27 a.m., and it's on the front page of the NY Times at 8:28 a.m.!
This was not our closing price today:
12/17/2020
ARCS Added 0.01869 24.17
We are far from done here if:
1. They get the filings updated and Pink Current appears.
2. The merger is with one of the largest cannabis companies
3. They actually bought hundreds of millions of these shares that have been trading over the past few days.
4. The other stuff they said in the tweet is true.
The shareholder letter can come out any time. PINK CURRENT is all that matters short-term.
I'll apologize ahead of time for this:
THE CEO DOES NOT NEED TO WORRY ABOUT SHAREHOLDER LETTER - GET THE FILINGS UPDATED!!!!
All I know is what I read on the website, but I'd bet you could find out in about 30 minutes of digging.
In the last 2 months 5 of the 10 stocks that received CE are now Pink current and CE has been removed!
https://www.otcmarkets.com/market-activity/compliance-statistics#caveat-emptor
Here is a company that was had CE on 10/19 and was pink on 10/20:
10/20/2020
FMHS Removed 1.70 25.03
10/19/2020
FMHS Added 1.70 25.03
https://www.otcmarkets.com/market-activity/compliance-statistics#caveat-emptor
Or maybe Firefox . . .
Yep. Wonder what the access hold up is? Better get it figured out. Anyone know how to offer to help him, maybe in exchange for a few million shares?
ARCS may be just fine:
Just have a picture of a concerned mother rather the black skull and bones.
And they all end up in the junk heap of history, right?
1. Get all filings submitted asap. They are apparently ready. Forget about the damn website for now.
2. See #1
3. See #1
4. See #1
I agree "he needs to do something," but NOT reading thousands of angry emails from panicked traders! The confidence many of the better traders had here suggests it was a misstep and nothing more. Other stocks have this and are still trading. It is a warning: get your sh*t together.
Yep, that's what he needs to be doing tonight . . . reading thousands of angry emails from panicked traders! LOL
I was in DECN - it was suspended and sent to grey market. Dropped as low as .02 after open and then traded as high as .45 after.
Some other stocks that got CE > Suspended:
MYPD CE on 11/24 > suspended on 12/9
IDVV CE on 11/30 - not suspended yet
VCEX CE on 12/17 > suspended 12/17
The plot thickens . . .
"Undisclosed Corporate Actions — The security or company is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available."
Sounds like this should be cleared up shortly . . . based on the letter and the expected filings.
https://www.otcmarkets.com/stock/ARCS/overview
I'm not seeing ARCS on the list for today?
https://www.otcmarkets.com/market-activity/compliance-statistics#caveat-emptor
Wonder what platform he used? TDA will not let you make "Market" orders on OTC, only "limit".
.0284 print at 16:27