Tuesday, February 23, 2016 2:30:21 PM
That is meaningless. OTC Markets is not a regulator. They are a for-profit PR company and have no authority to require the companies that pay them to "file" anything - all documents the companies pay to post on that website are just for show (usually to facilitate pump and dumps and stock promotions). The SEC could not care less what FITX or any other non-SEC registrant pays to post on that website. It is not official and there is no obligation to do so. OTCMarket's due dates are meaningless and completely arbitrary, which means there is no such thing as being "late" or "not up to date" with financial statements they are not required to post.
This suspension is not for "late filings" as they have no filings to be late with. It is definitely about suspected fraud, as the SEC only suspends non-SEC registrants for fraud.
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