DD Support Board and Research Team

[MallenNV]

Just to add this: I spoke to the SEC and FINRA. BOTH agencies said that 15c211 compliance with OTC listed stocks have to rely on the OTC's requirements NOT the SEC or FINRA'S


They said in order to be Compliant on the OTC under 15c211, companies have to file their financials and even if they don't file them correctly with no legal letter to validate those financials, the company can choose to be listed under the OTC yield and be 15c211 complaint as long as they pay the filing fee ($6000)

The financials to be 15c211 complaint under the OTC guidelines are the same requirements any company filing to be OTC Yield had to do before the 15c211 amendment.

This was just to get the STOP sign listed non-paying OTC's to pay to move UP and be questionable because you can't sell retail shares on the EM or GRAY tiers.

The OTC is using 15c211 (using their own rules to be compliant) as a way to get rid of the FREE parking for pump and dumps (the STOP sign tier) because the insider trading warning did not work to get them to pay to be current.

Transparency under 15c211 is the same as it always was prior. The OTC's have to say if you invest they may not complete their goals and investors may lose all their money. That is compliant.

The only difference is if you do NOT pay the $6000 and file even questionable data, you cannot stay on the OTC under the STOP sign.

This was a way to eliminate the STOP sign and move all the pump and dumps who want to keep diluting who have to pay the $6000 OTC fees to be on the questionable YIELD which is compliant.

In the past weeks 250 OTC's moved to YIELD and only 18 moved to current. That says it all.

Under the OTC data of OTC's with the most shares traded (under a penny pump and dumps) most are now YIELD not STOP simply because they filed non legal data and paid the $6000

Those who do not really fully get this are in complete denial. Call FINRA they will say to be complaint on the OTC you have to be compliant by the OTC's rules not Finras or the SEC's.