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Wednesday, February 03, 2021 11:04:01 PM
I emailed the CEO of Fortitude today and he responded very quickly. I do not cut and paste private email replies so forgive me if I only give a summary of what was discussed.
I asked: Are we waiting out a quiet period ordered by whom?
The reply was: The quiet period is imposed by the Securities and Exchange Commission (SEC). Quiet periods can vary from 45-90 days and the SEC regulations categorized us for the 90 days. During this time, we are prohibited from “preparing the market” i.e. promoting. It ends on March 24th.
I asked: Is the OTC waiting on a FY 2020 GORO annual report with GORO and Fortitude separated?
The Reply was: THE OTC and Fortitude both currently wait for FINRA to process the application. FINRA is short people and it is taking longer than expected.
I asked: Is Fortitude delaying listing until it can report 1st quarter results as a stand alone company?
The reply was: No. We had hoped we would be trading by now. We are optimistic we will be trading soon.
I asked: Are we waiting until we hire more executives?
The reply was: No. Our Nevada Mining unit is a fully staffed team lead by our General Manager and they don’t need corporate for day to day operations.
He was positive and is frustrated as we are Fortitude is not trading right now but hopes this will correct itself in the next week or two.
Hope it answers some of the question you and others may have about Fortitude Gold Corp.
Stay well and safe.
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