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Re: Eddie Vakser post# 109634

Friday, 03/26/2021 1:44:15 AM

Friday, March 26, 2021 1:44:15 AM

Post# of 115948
Eddie..I suggest YOU contact OTC and use your superior powers of persuasion to convince them to remove the "SHELL RISK" warning that "THEY" slapped on this ticker yesterday. Contrary to your cherry picking and spinning the warning it reads in full--

"The Shell Risk designation indicates that a company displays characteristics common to Shell Companies. This designation is made at OTC Markets’ sole and absolute discretion based on an analysis of the company’s annual financial data and may differ from issuers’ self-reported shell classifications in their own public filings. Our analysis evaluates asset composition, operational expenditures, and income related metrics. No action is required by a company to perform the evaluation other than publishing current annual financial information.

In limited circumstances, OTC Markets will consider removal of a company’s shell risk designation upon written request by a company. Please be advised that such requests will only be considered when there has been a material change in financial condition since the most recent fiscal year-end that is reflected in publicly available interim financial statements. Examples include a material increase in asset composition or operating revenues with related financial disclosure as a result of an acquisition or change in control transaction."


https://www.otcmarkets.com/glossary#shell-risk

Sounds to me like they want to see some actual "REAL" business/ financial activity going on as a result of this acquisition... not just an excuse to dupe speculators into buying shares. Apparently OTC doesn't care that you checked the "NOT A SHELL" box in your filings. I guess you'll have to do your job and start generating revenues if you want it removed.

I will say this though.. this is the first such warning of its kind I've seen on one of your tickers. However, I noticed you recently claim to havr acquired a similar ticker with two warnings-- one for "Delinquent SEC Reporting" and another for "Control Dispute."


Do not buy, sell or make any investment decision based any information or opinion I post. Conduct your own DD.

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