Well that's wronGGG and let me use a little example to show it.
Company A is a Pink Current non-SEC registrant.
Company B is a Stop Sign or a Yield Sign non-SEC registrant.
Both companies' deadlines for submitting their 1Q20 quarterly is 14 November 2019
Both companies submit their 1Q20 quarterly financials late on 17 November 2019, missing the 45 day window.
Company A will gett a YIELD sign until the next quarter's financials are submitted by the next 45 day window - 14 February 2020.
Now, both Company A and Company B both have the exact same submissions and attorney letter.
If Company B getts its YIELD removed, then why nott Company A also? In other words, Company A would never gett a YIELD because it would be in the same shoes as Company B and immediately have the YIELD removed the instant it was to be placed.
But in the REAL world that OTCM operates in, the rule is that unless a company has submitted their most recent Q or annual within the prescribed 45 day or 90 day period, respectively, they gett or retain the YIELD sign until the next Q or annual submission deadline is met.
So the YIELD sign will stay on AMFE/FUNN until at least some time after 01 January 2020, IF they submit the 2Q20 financials on or before 14 February. If they are later than the 14th of February, the YIELD will stay up for even another quarter into April of May 15h for 3Q20 report submission.
Company A and Company B are treated exactly the same with regard to the Yield sign for late-submitted financials. As they should be.They both have he exact same submissions on OTCM and they are both equally late in submitting them. The fact that Company B has a YIELD sign already doesn't give them any advantage over Company A which was Pink Current until missing the 45 day submission deadline, just as Company B did. They are both treated the same and both get the YIELD until the next TIMELY submission for the next Q or annual report.
