Tuesday, February 23, 2021 10:37:10 PM
The Low-Down...???
-- Yes. Under the recent SEC rules all tickers that are very AR behind on filings will be suspended. All CE's that
1). Are behind in filings, and/or
2). Cannot succeed the OTC "Caveat Emptor" designation will be revoked.
I have read companies have until June to 1. Be far enough in filing process to go current....evem if they are still "Pink No Information", but they can show audits and prove they have inotaed te process, they will have until September to be Pink Current..
Companies that have no audiys completed and cannot prove they are engaged, will be suspended.
CE's must demonstrate an acceptable appeals process to demonstrate they are actvy engaged in reviving the ticker. If they succeed, they will be given until September to be Pink Current. If they cannot provide proof of a process try will be revoked in June. If they fail te process, they will be revoked in September.
*'** This is how I understand the changes in the OTC. It us possible I'm being more liberal than they will.
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