Corporate Universe Inc (COUV)

[lesgetrich]

Thank you! I try to give the long version of any abbreviation the first time I use it in a post. I've had a securities license for over 15 years and I've never seen that abbreviation used. There are a lot of newbies on this board that I'm sure would appreciate more clarity.

Anyway, here's the OTC Market policy that controls that designation...

When Does Caveat Emptor Get Removed?

When Does Caveat Emptor Get Removed?

Facts and circumstances may differ, however generally, OTC Markets Group will remove the Caveat Emptor designation once the company meets the qualifications for Pink Current Information, has verified the information on its company profile on www.otcmarkets.com, and demonstrates that there is no longer a public interest concern. The Caveat Emptor designation is typically not removed within the first 30 days. During the time it is labeled Caveat Emptor, any stock that is not in Pink Current Information will also have its quotes blocked on www.otcmarkets.com.

Requirements for "Pink Current Information"

OTC Markets Group segments Pink companies based on the information they provide to investors into Current, Limited or No Information. Companies can make disclosure available pursuant to one of the following Reporting Standards:

Filing required reports with the SEC, U.S. Bank Regulatory Authority, or home country if listed on a Qualified Foreign Exchange

Companies that do not meet one of the above standards can provide disclosure to investors directly to www.otcmarkets.com via the Alternative Reporting Standard

The Form 10 states that the SEC has not indicated to them that there is any further concern. In today's press release they also stated that they've completed a two year audit of their financials, which I would think makes them ready to bring their financials up to date. They have almost a month to dot the "i's" and cross the "t's". I expect they'll be back to pink status before the May 25 deadline.