It’s the standard warning message for a Reporting Issuer that fails to file a mandatory report by the prescribed deadline. In Grogenesis’ case, their annual report was due by August 31, 2018.
Just look up GROG on otcmarkets dot com
As you can clearly see under their filings, the company filed a request for an extension to September 15, 2018, but...(“shockingly” lol )... they failed to meet that deadline as well. This, of course, is quite common for companies that can not sell any product for over a year lol.. No revenue....Out of cash....Can’t pay audit firm...Auditor refuses to file reports until they get paid... and so the shareholders wait.. and wait... lol..
The realllly bad news is that many brokerage firms restrict any buying of shares for companies that have this warning attached to them. They only allow selling. Terrible news for current shareholders. The share price can only go in one direction.
