b]To simply say the lied is simply all nonsense.I'm telling you the unaudited reporting of WBXU was the reason for the halt and why they are now on the gray / grey markets. To say they simply lied is non-sense.
OTC Markets Group Inc. (“OTC Markets”) has discontinued the display of quotes on www.otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) for one of the following reasons:
Promotion/Spam without Adequate Current Information — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public. OTC Markets believes adequate current information must be publicly available during any period when a security is the subject of ongoing promotional activities having the effect of encouraging trading of the issuer's securities. At such instances, as a matter of policy, when adequate current information is not made available, OTC Markets will label the security as "Caveat Emptor." Promotional activities may include spam email, unsolicited faxes or news releases, whether they are published by the issuer or a third party.
This is the timeline that describes exactly what OTCmarkets.com states about a reason for being suspended.
April 1, 2013
- notification of late filing for the annual report covering 2012.
January 15, 2014
- The annual report came out on
January 30, 2014
- Accounting firm L.L. Bradford and Company LLC decided to drop WBXU as a client.
March 2014
- WBXU engaged in Paid Promotions and Pumps
April 11, 2014
- WBXU engaged Harly Moore Accountancy Corporation as its new Auditor.
OTC Markets will resume the display of this security’s quotes once adequate current information is made available by the issuer pursuant to the Alternative Reporting Standard or by the SEC Reporting Standard, and until OTC Markets believes there is no longer a public interest concern.
It's 100% the unaudited financials that they tried to correct in April, but at that time it was to late
