Tuesday, August 04, 2015 1:44:06 PM
Dror, likely came to the conclusion that the time, effort and money needed to re-audit and compile the 2014 10K and Q1 10Q was not worth it. I'm curious if the company starts on-time filing going forward, will the SEC (or OTC BB in this case) uplist them to fillings up-to-date (i.e. put them back on the OTC QB)?
Dror, did say in an earlier PR that he was required to update the 2014 10K before filling the 1Q 10Q. If anyone is familiar with SEC rules, I'd like to know if this statement is accurate?
However, I personally think we will see Q2 financials next week. Clearly the company is actively selling and much of the managements pay check is correlated to the stock value. When they start converting they definitley will want the stock price higher.
To me this is the only reason why the company would go silent. There is no 'PR' they could release explaining this without enduring a huge shareholder shit storm.
If Q2 comes and goes and still silence from the company... Then we might be up shits creek without a paddle.
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