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Re: industrialist post# 40809

Tuesday, 02/25/2020 3:49:39 PM

Tuesday, February 25, 2020 3:49:39 PM

Post# of 51462
spom securities due to concerns about "the adequacy and reliability of publicly available information concerning SPOM. SEC Rule 10b-17 requires all OTCQX, OTCQB and Pink companies to provide timely notice to FINRA of certain corporate actions,

http://www.legalandcompliance.com/securities-law/otc-market-compliance/otc-markets-listing-requirements/

If subject to the Exchange Act reporting requirements, compliance with such reporting requirements will satisfy the financial reporting requirements for Current Information;
If not subject to the Exchange Act reporting requirements, a company must post annual financial statements, including a balance sheet, income statement, statement of cash flows and notes to financial statements, for the previous two fiscal years or from inception if the company is less than two years old, which annual report must be filed within 90 days of fiscal year end;
If financial statements are audited, the auditor report must be posted (audited financial statements are not required);
If the company’s financial statements are not audited, an annual Attorney Letter and Attorney Letter Agreement must be posted within 120 days of fiscal year end;
If not subject to the Exchange Act reporting requirements, a company must post quarterly financial statements within 45 days of the end of each fiscal quarter;
The company profile page on OTC Markets must be current and accurate;
File annual and quarterly reports with narrative information and CEO and CFO certifications that track SEC Rule 15c2-11 disclosures and can be completed using a fillable form available through OTC Markets;
A company must file a Form 8-K if SEC reporting or submit a news release within 4 days of any of the following:
Entry or Termination of a Material Definitive Agreement
Completion of Acquisition or Disposition of Assets, Including but not Limited to Mergers
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of an Issuer
Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Costs Associated with Exit or Disposal Activities
Material Impairments
Sales of Equity Securities
Material Modification to Rights of Security Holders
Changes in Issuer’s Certifying Accountant
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
Changes in Control of Issuer
Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Amendments to the Issuer’s Code of Ethics, or Waiver of a Provision of the Code of Ethics
Other events the issuer considers to be of importance

My post are for entertainment purpose only. I am not a financial advisor. Invest at your own risk.

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