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Re: CaoPanShou post# 14158

Tuesday, 08/17/2021 1:58:22 PM

Tuesday, August 17, 2021 1:58:22 PM

Post# of 14462
Cao, That is correct. A company can file with FINRA the needed documents or post them on the company website. A broker dealer can grab that data and file form 211 and they can pay the fees and that company would become OTC current.

After Sept. when 15c211 is activated, at any time a broker can do the above mentioned. However in order for them to file 211, the company must make the data public on the website or with FINRA, if they do not post that data, the brokers cannot file form 211.

This puts the company in control as to when or if they want to be OTC current.

Or some may elect to use the IQS or ATS trading platforms.


:)