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Tuesday, November 28, 2017 11:57:13 AM
These are the steps to remove the CE. CWIR has done all of them, and we wait for the 30 days for the removal.
1. Wait 30 days
2. Pink Current
3. Verified company profile
4. Press Release regarding paid promotion
https://www.otcmarkets.com/learn/caveat-emptor
Facts and circumstances may differ, however generally, OTC Markets Group will remove the Caveat Emptor designation once the company meets the qualifications for Pink Current Information, has verified the information on its company profile on www.otcmarkets.com, and demonstrates that there is no longer a public interest concern. The Caveat Emptor designation is typically not removed within the first 30 days. During the time it is labeled Caveat Emptor, any stock that is not in Pink Current Information will also have its quotes blocked on www.otcmarkets.com.
https://www.otcmarkets.com/content/doc/OTC_Markets_Group_Policy_on_Stock_Promotion.pdf
“Information Request OTC Markets Group may request that a company that is the subject of stock promotion issue a press release to notify the markets about the promotion, either confirm the information in the promotion or identify it as misleading and make corrections to the claims made in the promotional materials, and disclose any recent transactions by insiders and affiliates. OTC Markets Group may request records from the issuer’s transfer agent and require additional disclosure about share issuances and financing agreements, as well the identity of the people and advisors associated with such transactions. Companies can learn more about best practices to help deter fraudulent stock promotion as well as recommendations for disclosure of ongoing promotion here: [Stock Promotion: Best Practices for Issuers].”
Here is the press release from CWIR about the 3rd party promotion dated 11/6/17: https://www.otcmarkets.com/ajax/showNewsReleaseDocumentById.pdf?id=28149
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