Apex Resources Inc (SLMLF)

[arcticgold]

It looks like they still needed a periodic update to keep
trading.

"Aside from periodic reporting, the Exchange Act also mandates disclosure at certain crucial points so that investors can make an informed decision before exercising ownership rights in stock."

http://www.law.cornell.edu/wex/securities_exchange_act_of_1934


pink sheet status (otclink) exempts you from annual reporting but
not possibly multi-year without reporting.

http://www.sec.gov/answers/pink.htm
http://www.sec.gov/Archives/edgar/data/742248/999999999712007985/filename1.pdf

Thus if they were to do their update they would be able to trade and then provide just some type of disclosure on a non yearly basis.