While we were not made aware of the suspension prior to the SEC
1 day before the suspension (may 22) they were not made aware?
What he's not telling you is that all PRs with forward looking statements typically have to be submitted to XBRL system 12-24 hours before being released, and 24-48 hours for regulatory filings. And in both cases, that is because SEC has to review them.
And SEC MUST inform issuer (company) of any class action against them prior to public release.
So long story short - BSing shareholders.
We were clear that larger companies often do not allow smaller companies to pit their names in the press
Not a case WHATSOEVER. Size of company does NOT matter whatsoever. If a partnership or any other contractual obligations exist between intra publicly traded companies, it MUST be revealed to shareholders & public, period.
Not doing so, constitutues fraud.
Further, it has happened all to often to us that once you place names in a release, a shareholder with a $5 stake in the company calls the named individual to see if they are real and what non-public information can they get.
LMAO! Not the case - AGAIN. Public companies are P-U-B-L-I-C for THIS reason. Any material information HAS to be released both to shareholders AND rest of public, REGARDLESS of position in the company. Shareholders typically only hold voting rights in company.
the LOI is still proceeded with a May 30 due diligence deadline.
What that means, is that LOI (Letter of Intent) which on OTC means virtually nothing (99.9% of them are fake) was being reviewed by the allegedly acquiring party. The Due Diligence component means that on May 30 they will tell the world the deal fell through, or be silent about it.
The SEC asked us for contractual verification on three of our outstanding agreement which were announced to the public.
SEC did not ask ANYTHING from them cause they are not an SEC reporting company. OTCQB and OTCQX is, not them. SEC shut them down because they have already done their extensive DD and deemed it a scam.