Metrospaces Inc (MSPC)

[WK135]

Hi Janice, all

From my understanding, MSPC does have some SEC filings, but not the requirements to qualify for Current Information, else they would be current already. They intend to make make disclosure available under Alternative Reporting Standard to qualify for current information, and as you mentioned some disclosure is better than none. It's still a step up in my opinion, being that the company is providing more information.

I do get that ideally, the company would just go straight to SEC Reporting Standard compliant and in the long-run that would be best practice. However, I don't view going from STOP to Alternative Reporting Standard a bad thing. I don't think it necessarily means the company will stop filing SEC Filings at all, but they add enough disclosure to be current, which again, in my opinion, some disclosure is better than none. I don't see them stepping down from their SEC obligations (hopefully), but view this as more an addition.

Analogy: Perhaps they were in the dark with no disclosure, but now, they are taking a step out. Still somewhat in the dark, but a move towards the light.