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Re: TennisStar post# 2275

Thursday, 11/07/2019 1:35:35 PM

Thursday, November 07, 2019 1:35:35 PM

Post# of 2845
I am not an SEC attorney, but it took me 5 seconds to confirm my statement on the internet.

From: https://www.otcmarkets.com/learn/reporting-standards

A Company's Obligations on the OTCQX, OTCQB and Pink Markets

Financial Reporting - Many companies are not subject to SEC registration requirements, and therefore, do not make regular filings of financial information and other corporate events with the SEC. Companies are not required to provide financial information to OTC Markets Group; however in order for investors to make informed trading decisions, many companies elect to provide disclosure. For a detailed explanation of SEC registration and reporting requirements and the exemptions available from those requirements, please see the SEC's Small Business Question and Answer Page.

Corporate Actions - SEC Rule 10b-17 requires all OTCQX, OTCQB and Pink companies to provide timely notice to FINRA of certain corporate actions, including dividends, stock splits, reverse splits, name changes, mergers, acquisitions, dissolutions, bankruptcies or liquidations, at least 10 days prior to the record date. Companies who fail to report such corporate actions in the required time may be subject to fines up to $5,000. For more information, see FINRA's Notice to Member 10-38. For further details, contact FINRA's Operations Department at 866-776-0800

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