Home > Boards > US OTC > Miscellaneous > Adia Nutrition, Inc. (ADIA)

"a compliance date that is two years after

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Jason Coombs   Tuesday, 02/23/21 11:44:22 PM
Re: i_like_bb_stock post# 6199
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"a compliance date that is two years after the effective date regarding provisions to require an issuer’s financial information for the last two fiscal years to be current and publicly available."

https://www.sec.gov/news/press-release/2020-212

The first step is easy and inexpensive. I hope the pieces come together without further delay, also, but it doesn't change anything if the date is missed because the requirements to initiate a new OTC quotation are now essentially identical to the requirements to remain quoted, with a new 18-month limited window for quotations of companies that are or become "shell" companies which makes sense.

Within two years the company's financial statements need to be current and publicly available, although there remains no audit requirement unless ADIA/Homeland Forensics registers its shares.

Everyone can afford a bookkeeper and an accountant, right?

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