Solei Systems Inc. (fka SOLI)

[aquaspin]

I was reading a write up about the new rules by a securities lawyer and it almost sounds like some non reporting (stop sign ones that deregistered anyways) might continue trading based on previous financials?

Here is a quote from a part of the article:

“ SEC Reporting & the OTCMarkets Alternative Reporting Standard

The tier for SEC-Reporting issuers is tied directly to the timeliness of their filings through the SEC’s EDGAR system. If they are current with their reporting obligations, they will be assigned to the OTCQB or OTCQX; if not, they will be considered Pink. The OTCMarkets is not an alternative to an SEC reporting issuer’s SEC filing requirements.

When an issuer deregisters via a Form 15 filing, its OTC disclosure tier is then determined by prior SEC filings and/or filings through the OTCMarkets.”

I’m still trying to figure all this out.