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Friday, March 09, 2018 1:42:50 PM
The company not directly making it SEC compliant by making alternative is still a step-up. Maybe the company is doing this so they can go current faster, we don't know but Alternative Reporting is a legit way to qualify for current information. This is step up than STOP sign which provides that information is not being provided. They aren't necessarily going "Dark". Just want to clarify this.
https://www.otcmarkets.com/corporate-services/information-for-pink-companies
Companies may qualify for Current Information by making disclosure available pursuant to one of the following Reporting Standards:
SEC Reporting Standard — Companies are in compliance with their SEC reporting requirements
U.S. Bank Reporting Standard — Companies are in compliance with their Bank Regulator reporting
International Reporting Standard — Companies are traded on a Qualified Foreign Exchange
Alternative Reporting Standard — Companies that do not met one of the above standards may make information available directly to investors on www.otcmarkets.com. Companies that choose to provide current information must publish their disclosure, including financial reports, as well as either an Attorney Letter or an Audit Opinion for review by OTC Markets Group's Issuer Compliance prior to being designated as "Current Information." For more information, please see the Pink Basic Disclosure Guidelines.
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