Tuesday, August 05, 2014 1:03:35 PM
We know for a fact that there were well over 175,000,000 shares issued at the time of the letter (I think VeronicaFox can confirm that and has in the past). Yet Marani we know for a fact that Marani continued to report the lower number of O/S depite requests to correct it and be truthful. I would say this attorney might have a little trouble in the future albeit minor, but opining on something that is within his ethical duty to check either wasn't or was untruthful. Either way the letter is meaningless and as has been said, OTC is not a governing agency. Anything reported by the company goes and there is no follow up, enforcement, investigating, fact checking, etc. It certainly does not make Marani a reporting company by definition. They remain an un-reporting, unaudited company for many years now.
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