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Re: DallasInvest post# 41869

Sunday, 06/20/2021 12:37:15 PM

Sunday, June 20, 2021 12:37:15 PM

Post# of 45603
I don't think that's right, there is a difference. You can be "SEC Reporting" or "Alternative Reporting", they don't have to be OTCQX and can still be a Pink Sheets company that reports to the SEC instead. IMO. See the link below, companies can file with the SEC or OTC.

https://www.otcmarkets.com/corporate-services/information-for-pink-companies

Again, I'm no expert but my point is the June deadline is if they are submitting financials to the OTC to meet the "Alternative Reporting Standard", if they are instead filing audited financials to be SEC Reporting, then only the September deadline applies.

The purpose of the amendments to the SEC regulation are to increase transparency, if a company is full SEC reporting that's as transparent as it gets, so I don't see why the OTC would take exception with that. So submitting financials to the SEC (more stringent) will satisfy the requirements.

Long story short...IMO the June deadline does not apply to GEGP, as their plan is to be full SEC Reporting instead of reporting to the OTC. September 2021 is the deadline.

GEGP