Patient Access Solutions Inc (PASO)

[Lhotse]

Are companies on the OTC Pink market required to file Forms 3, 4, and 5? I have my doubts as you occasionally see such filings many months later.

Companies on OTC Markets Group’s Pink market are not required to meet any minimum standard. Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find current, reliable information about those companies. Investors should take extra care to thoroughly research any Pink company that does not provide current information. Broker-dealers are required by Rule 15c2-11 under the 1934 Act to have some information about the issuer. Ask your broker-dealer whether it has any Rule 15c2-11 information before you invest. Check the company profile on www.otcmarkets.com to see if public information is available and whether the company has any risk flags indicating that there are public interest concerns.

Quoted from https://www.sec.gov/fast-answers/answerspinkhtm.html