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Monday, June 14, 2021 5:31:48 PM
PCTL has until June 30 to indicate their listing intentions to the SEC. Pinks with limited info stock are sort of in purgatory. Limited information doesn't disqualify a stock (although some OTC statements could be read that limited info companies would NOT qualify for OTC retail trading - It depends on the meaning of the word "current") But this is NOT considered a permanent classification that a company shoots for. It is mostly for companies with late filings or just starting without Investment Banker backing. If fins are too late, then the new SEC rule could stop the OTC from listing/quoting/trading. Under the old regs, a company could slip into "No Information" status and still be traded in retail accounts. That does not appear to be the case starting Sept. 28. Likewise, Companies could maintain "Limited Info" status by always filing late, but they couldn't delay theirs fins any more than the various 6 to 16 months lag times spelled out by the SEC/OTC. This wouldn't be wise to do in light of SEC comment that "all companies must disclose current information on a continuous basis." In light of the new amended updates on SEC rule 15C2-11 and the upcoming deadlines, by delaying their 10Q filing, investors do not have a clear idea of PCTL's ability, desire, or intent to meet the new SEC rules or maintaining their current listing status.
Yes, they may eventually file their late 10Q, but there is no reassurance or commitment by the company to meet any deadlines as of this post date & time. You would think in light of these changes happening in the OTC market, that PCTL would communicate something to shareholders?? No?
Recent PCTL News
- Form 8-K - Current report • Edgar (US Regulatory) • 10/05/2023 02:05:09 PM
- Form 15-12G/A - Securities registration termination [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 07/18/2023 07:06:52 PM
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 07/13/2023 04:32:57 PM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
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Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM