Yawn. Same old know it alls yapping and no one’s paying them any attention that they desperately need. Gonna be hilarious when they submit the fins and this comes off EM at .0050 to .01 and these losers can’t get back in cheap.

I said I don’t care what their status is currently, non sec reporting etc. not the point. It’s still a 10k. See for yourself loser.

https://www.otcmarkets.com/stock/CDNO/disclosure

It’s literally listed on otcmarkets as a 10Ka (amended).

https://www.otcmarkets.com/stock/CDNO/disclosure

Take your “know it all” bullshit somewhere else.

They filed a 10K in 2022 and last year in 2023. Regardless what status they are now.

https://www.otcmarkets.com/otcapi/company/financial-report/368157/content

“…but meets a minimum requirement for public quoting under Rule 15c2-11.”

So does this confirm what the 8k told us two weeks ago? That it would drop to EM, unless otcmarkets determined it met an exception under Rule 15c2-11.”?

If otcmarkets determined this still meets a minimum requirement under that rule, this should mean that it’s not going EM.

When was that information added to the otcmarkets site? Haven’t checked there for about a week or so. Don’t recall seeing it before.

Moron, the insiders all took shares instead of cash. I’m sure they’d turn around and purposely destroy their stock value, hit EM, then go private. Lmfao.

Clearly I was speaking as a last resort rather than going EM if they needed to. I can’t answer as to why they chose to risk EM over going non reporting and filing direct with otcmarkets. And we know the filings are late bc of the money owed to the auditing firm. They don’t seem too worried about it. And the gloom and doom here lately by randoms showing up is all bs. All anyone has to remember is all these guys, including insiders who were owed compensation, took shares over cash payouts. You think they’re going to jeopardize all that if they didn’t have a plan in place right now even part of that plan meant dropping to EM for a short time? All they gotta do is get the funds for the auditors and submit the fins and they’re right back to pink current. The fud here lately is a joke. Never coming off EM. lol! Revocation. Even bigger lol! All over one few month late filing. Give me a break. No insiders are just flushing that amount of potential money down the drain. They stand to lose more than any of us retail.

More yapping and yet you still haven’t explained how if your narrative were actually correct, then explain all the other tickers that came off EM in the past. Sorry bum, it’s happened and it’s not difficult at all if they make a concerted effort to do so. No one here’s gone buy your fud bullshit. This discussion has been going on here for two weeks now and everything has been covered.

Yawn. Completely false. You still haven’t explained why many others have directly come out of EM right back to pink current. EM isn’t some revocation doomsday scenario you’re preaching. It’s a safeguard situation put in place to protect investors until the company submits filings that are late. They don’t just automatically revocate every stock that hits EM. Stupidest thing I’ve ever heard. The fact many come out of EM proves your bs narrative false. Not to mention the fact that they are under no requirement or obligation to remain SEC reporting and can simply chose to go non reporting and submit the already completed filings straight to otcmarkets and go back to pink current. Once on EM, there’s just an extra few steps needed, but as long as they are in communication with otcmarkets (which we know they are), and taking the proper steps to emerge from EM, it’s literally no problem for them to do so and will happen. The only stocks that don’t return from EM are bc they were abandoned, or their management makes no valid effort to get them back to pink current.

It’s already been addressed here for two weeks now. It’s easy to come off EM. Only reason most don’t is bc there’s no valid attempt to do so by the company and management behind those.

Sorry that you’re bored on a Saturday night and decided to show up here bashing a stock you claim to have no interest in. Typical, easy to see through bs.

Care to explain why many have come off EM and usually at much higher pps than what they entered on?

No one here needs a lesson from some fud spreading moron.

No otc is forced to remain SEC reporting and can at anytime very easily drop to non sec reporting and simply file directly with otcmarkets to remain trading on the pink current otc tier.

“It will face revocation proceedings.”

What a monumental load of bullshit. Not even remotely true.

Well said.

“Only 5-10% are able to make it back to Pink Current but the rest stays and die while in that status.”

Simply due to the fact only 5-10% of otc ceos even bothering to attempt to return from EM. Those 90-95% that end up there no longer have any company behind them, were abandoned, returning to shell status to be sold for someone else to take over and resurrect if they wish, etc. For any company that wants to come back from EM and is legit (like RSPI) it’s no problem at all to go right back to pink current with the proper filings.

Dod* can’t edit a post on the app…

And there’d be no reason to dilute those 66mil now at .0015 when it would have been 20-30mil shares just weeks ago. Or even less on the did funding news run up. Many made the correct point, that if management knew they weren’t going to have the funds for the 10k, then why not sell some shares back when this ran to .0075?! It’s not like they were just surprised out of the blue with needing to have the 10k paid for to remain current.

“Either way, you cant find this kind of opportunity as a pharma investment trading at a 2 million valuation; hell you cant find it trading at 20 mil valuation.”

Bingo. Very few realize how rare this is to find a small bio with this much in the pipeline and this far along on progress at this low of a market cap. The room for the pps to move up based on a reasonable market cap valuation over the next year is incredible to think about.

A small pre revenue bio company certainly does seek funding and often uses outside sources to do it for them bc they have little staff at this stage. Searching out and applying for funding sure isn’t “begging”. Congrats on being in today’s running for most moronic post of the day award.

Well the proper steps to get off the otc aren’t going backwards in pps and to the otc EM. It would be forward to the otcqb, then up from there. They would need .01 minimum to meet otcqb requirements and that would be easy with the potential here and properly updated, on time SEC audited fins. This never should have become an issue, like I said, if Jeff saw it coming he should have taken the proper steps to go non SEC reporting for the time being and directly uploading fins to otcmarkets to remain pink current.

They also told shareholders via multiple PR's that we would receive a dividend guaranteed at $10 per share via the make whole provision. That clearly isn't possible now with SAGA delisted and zero chance that they get back on Nasdaq with a $10 share price. I'm surprised there isn't a class action suit underway at this point. Hopefully there will be soon. They can't just run off with the main assets and leave shareholders with nothing.

Sounds like Jeff is trying to be as reassuring to investors as possible without crossing the line of insider information. Which is good. On our side though, it does still seem unacceptable that the filings are not finished on time and that this could dip to EM for a short period before they do get the filings situation resolved. I think we can all agree this should not have happened. Granted we don't know the details and what goes on behind the scenes, but it's not a good look. He would have seen this coming a mile away since he's aware of their ability (or not) to pay the auditing company and also aware of the deadlines to file and the consequences of not doing so. He also could have gone non SEC reporting for the next quarter or two if needed and filed unaudited directly with otcmarkets in time to avoid this EM issue. If it's intentional in some aspect, then there better be a good reason for it. Still have a bitter taste in my mouth how things went down over in ENZ* and this does seem like a different situation with a much more promising potential in a shorter term since they are much further along in progress and have many avenues and assets.

"He also said only swing traders and otc fanatics are obsessed with share price in the short term level. He said the progress on their assets is continuing and if your an actually investor in them nothing is slowing down their product schedule they already stated."

Very reassuring statement by him. He's basically saying that if you are truly invested in the company here and not just trying to flip this, you're gonna be just fine.

Agreed.

Found it. So they paid a little over 100k for the entire fiscal year of being fully audited for SEC reporting. Not 100k per filing, which seemed like what was being argued.

Don’t see anywhere so far where it lists what they paid the auditing firm for filings, sorry. Why don’t you just link it or copy and paste here.

You look dumber with each post. Smfh.

So in your moronic scenario, the insiders all took massive payment in shares so they could become worthless after going private. Lmfao. Congrats on the stupidest post of the day award.

Where do you see the amount they paid the auditing firm exactly? And is that amount if listed for the entire year or just for a single filing. There’s no way in hell a single audited filing is 100k.

Perfect example why they will never allow this to sit in EM, IF it even does go there temporarily. They have more at stake than any of us and much more reason to want to see this succeed.

I specifically mentioned the timeframe of last few months moron. Where they stated they need funds to pay the auditing firm, but didn’t dilute any shares to do it.

Notice how there wasn’t a single basher here until this filings issue popped up. Bc there was literally nothing to use to bash. Unheard of in otc circles. There’s always something negative in 99.9% of otcs they can use or twist into a negative narrative. Now they all showed up lately bc they finally have something to dwell on and create some fear here. They’re either trying to get cheap shares bc they know how this will explode once the filings are current or they’re just bitter at prior losses and don’t want to see anything or anyone else succeed where they failed. This filings snafu is all they have and will have. As soon as this snag gets resolved, it’s game on.

Exactly. I’m actually hoping for cheap shares, I’ll double my holdings while at the same time bringing my avg way down.

Well said on all points.

“They will dilute like crazy, as we have already seen.”

They haven’t even diluted to fund the audited fins, let alone anything else. What a moronic post.

Yep, good info and that’s what I have seen as well. This isn’t as dire as most are making it out to be. If they do happen to slip to EM, it will not be difficult to get back out to pink current. And it won’t be expensive either. Just a matter of a few filings and otcmarkets review time.

No I'm not a professional trader by any means, I just do a lot of market research and especially the otc market. Many here know much more than I do.

Otcmarkets has a contact form. They do answer the general public, as I’ve seen others get responses on various topics in the past. Might be worth some of us reaching out to them and simply asking about when an otc company slips to EM, what steps are currently required to come out from it and what kind of timeframe is involved once the company makes a proper effort to do so.

Like Bigtalan said, he got a response from Jeff today saying that we need to refer to the 8k for all info and that he wouldn’t be giving out any other info. So I would not waste my time or his by asking more questions he can’t and won’t answer. I also would not want to patronize him, when I’m certain he is already aware of all the things discussed here. There’s no chance he doesn’t know all the ins and outs of SEC reporting as well as trading on the otc and otcmarkets requirements. There’s a reason we don’t know about that it’s being handled this way.

Also, what cost are you referring to that would be needed to come out of EM? It’s the simple 15g or whichever one you mentioned to go non SEC reporting and then it’s as simple as uploading the already completed fins to otcmarkets. Doesn’t seem like much cost involved if they went that route. And I can’t see why they’d allow it to even slip to EM, unless deliberate, when the route to go non SEC reporting was a simple one that could have already been done.