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Re: Traderfan post# 3118

Sunday, 03/07/2021 2:04:50 PM

Sunday, March 07, 2021 2:04:50 PM

Post# of 9489
I understand what you are saying. I know there are CEO's that have no clue what they are doing or have to do. But I think Laxmi is very well aware of the need to file. All we can do is wait. You know as well that there are dozens of CEO's promising filings, and they never come. All I'm saying is, it's up to him now. Like you I'm cautious with my investement here, it's all about risk versus reward. It's his responsibility to deliver, but it's our responsibility to measure that risk versus reward. At least, that's how I consider investing in (most) OTC-companies.

And I know about the different reasons for suspensions. SEC doesn't look into secretary of states, company websites etc. They only are trying to make contact with the mailadress/company adress on OTCM. I think they even don't look into 8k's. Some years ago I was in a company that was delinquent and released an 8k about a new auditor. Few days later it got suspended for the usual reasons.

And yes it's my opinion. SEC wants to clean up all the mess and make the OTC a 'real' stock market. I think if they do that for dark tickers, they will do that for delinquent tickers too. In other words, for all stop signs. We'll see about that.

And I'm curious to see what happens if a current ticker is getting dark again. Will it go to the greys immediately, or after a few months? Lot will change on the OTC, that's for sure