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Thursday, October 02, 2014 12:26:30 AM
This brings us to October 6th, but THIS IS ASSUMING THEY COMPLETED/SIGNED ON THE EFFECTIVE DATE OF SEPTEMBER 30, 2014. I believe they did complete everything today. Also their last PR states that the "effective date" is 9/30.
the issuer shall publicly disclose such events by disseminating a news release within 4 business days following their occurrence, and posting such news release through the OTC Disclosure & News Service.
Material corporate events include:
• Entry or Termination of a Material Definitive Agreement
• Completion of Acquisition or Disposition of Assets, Including but not Limited to mergers
• Sales of Equity Securities
• Changes in Issuer's Certifying Accountant
• Changes in Control of Issuer
• Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
• Other events the issuer considers to be of importance
OTC Pink Basic Disclosure Guideline - Word Document
Per the OTC Reporting Requirements (link below),
SEC Rule 10b-17 requires all OTCQX, OTCQB and OTC Pink companies to provide timely notice to FINRA of certain corporate actions, including dividends, stock splits, reverse splits, name changes, mergers, acquisitions, dissolutions, bankruptcies or liquidations, at least 10 days prior to the record date. Companies who fail to report such corporate actions in the required time may be subject to fines up to $5,000.
OTC Reporting Requirements
Go BBRD!!
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