Wednesday, January 17, 2018 11:48:35 PM
They are indeed going current and will give us all current information. All though the financials are not audited we will still have current information, which will build investor confidence and awareness, and depending on the information a nice BOUNCE to the PPS.
"The Company has submitted its application on 1/8/18 to OTC Markets and was informed that the application to OTC Markets may take 5-10 days to be effective. The Company intends to file directly with OTC Markets soon after the application is approved."
The 10th business day from this PR falls on this Friday so as long as there are no delays we should start seeing some filings by end of this week or early next.
"The Company has also retained the auditing firm BF Borgers CPA PC to conduct a full 2-year audit as the Company plans to take the appropriate steps necessary to re-register its securities with the United States Securities and Exchange Commission."
No company spends the kind of money on going fully reporting unless they are rolling out something big. It can cost up to $50k to initially go fully reporting and approx $25k to maintain it annually thereafter. Fully reporting status builds investor confidence to a whole different level. Looking forward to seeing this story unfold.
https://www.cnbc.com/2018/01/09/globe-newswire-mobicard-inc-announces-delay-in-filing-its-financial-statements.html
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