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Welcome to the OTC.
Just need to get current. They are almost a year behind.
Pretty much how the OTC has been running.
Doesn't seem to be holding unfortunately.
Q2 filed. Looks like about $58K in revenue.
They just filed a notification of late filings.
Had such potential...another Frank special.
Pink limited, crickets from the CEO, about to be 3 filings behind...That's all you need to know.
Looks like the filings is a statement of resignation by the registered agent. It doesn't look like anything the company initiated.
I've tried contacting them and I've gotten ZERO response. Sending out a tweet every few months saying "stuff is happening" doesn't give shareholders the warm and fuzzies especially when you're company is sitting in Pink Limited state. Get your business in order first.
Until they get current, volume will be minimal at best. Not expecting much from them really. They went silent months ago and don't reply to any inquiry.
That, my friend, is the $10,000 question. They've gone silent across the board. Tried reaching out to them with no response. Typical OTC trash.
First time I've seen AH trades and they were above the closing price.
That's what I expect. They will either let it run up early then we drop or they'll just push it down throughout the day.
I must have missed that. I thought the Caveat Emptor was the only one, but I can't say I've been keeping up with it. Thanks.
So the Dark or Defunct status was recently added as well, correct?
How about they work on getting out of pink limited status first. Wouldn't that be nice.
Girvan Jackson Projects manager Board member at Discovery minerals
He's fairly active on LinkedIn. Too bad he's not as active with DSCR.
NT - 10Q: NOTIFICATION OF LATE FILING
I believe the 10Q was due today, so at least they filed something.
Unless he doesn't understand how government contract awards work which would be concerning IMO.
Unfortunately when dealing with the government, things don't move quickly.
Annual report was posted on 01/28/2023.
Ah, Ok I see my error. They aren't pink current. They are pink limited. To maintain that status, they must do the following:
10. To Qualify for Limited Information on an ongoing basis, companies must:
• Upload reports through OTCIQ on the following schedule:
o Annual Report (including the required financial statements outlined in Item 8) within 120 days of the fiscal year end
• Maintain a Verified Profile. At least once every six months, review and verify their the Company’s profile information through OTCIQ.
At least they verified their profile:
OTC Updates (@OtcUpdates)
$DSCR
0.0001
CE, Pink Limited, AS: 10B, OS: 7.4B, US: 5.2B
Business Description Updated:
Discovery Minerals Ltd.,is an acquisition and development company that targets natural resource propertie...
Not sure what you mean by "scamming". I just stated what the OTC requirements are to remain pink current.
o Annual Report within 90 days of the fiscal year end
Yes, 90 days from 9/30 puts it at Dec. 29 if my maths are correct. That's when the annual report is due. Doesn't mean they'll meet that date though.
To qualify for Current Information on an ongoing basis, companies must:
• Upload reports through OTCIQ on the following schedule:
o Quarterly Report within 45 days of the quarter end
o Annual Report within 90 days of the fiscal year end
o Attorney Letter within 120 days of the fiscal year end.
• Maintain a Verified Profile. At least once every six months, review and verify the Company’s profile information through OTCIQ.
Their quarterly is due Nov. 14. However, they did not file a 4th quarter report last year. I'm assuming they included it in their annual report. Given that, we may not see anything until next year...if at all.
ETrade not allowing me to sell through their app. Have to call it in. Stupid if you ask me.
ETrade not showing the right ticker. Any idea when that gets fixed so I can cut my losses?
What piece of info are they missing?
Agree and they are most prevalent in the OTC in my opinion.
What I don't get is why spend the time and money to attempt to get current if you aren't going to do anything with the company? What's the incentive to dump more money into it then?
I believe it depends on the wording of the Letter of Intent (LOI). There would have to be wording stating that the LOI is non-binding, but even then a court could rule that the letter is on an expression of intent.
DSCR is not in the Expert Market. They are Caveat Emptor.
Not sure which is worse though. Can't buy either one unless you are in Canada or LaLa Land.
Thanks for the info. I seem to recall they fell into the "Investigation of Fraud" portion, so if my memory is correct (I wouldn't bet on it) I hope they've resolved that issue.
1st quarter financials have posted.
https://www.otcmarkets.com/stock/ENZC/disclosure
Which is more difficult to get back to pink from?
Caveat Emptor or Expert Market? Seems to me it's CE, but I'm not certain about that.
Quarterly report is due tomorrow. Hope they make the deadline.
Projected revenues over the next 24 months will be in the area of $20,000,000.00 plus. It is anticipated that each fast casual dining location will contribute approximately $750,000.00 to $1,500,000.00 in gross revenue per annum. Projected revenue for our travel center/convenience stores can be in the range of $2,000,000.00 - $4,000,000.00 per location, per annum.
If the merger is complete (as seen in the Nevada filings), why has there been no news or official word?
Yes, my mistake. I figured either one would require all documentation to include attorney letter plus any quarters missed in order to get back to pink current.
My concern is they are now a quarter behind in addition to the attorney letter. I think both have to come out before they are current and can be removed from Expert Market...IMO.