QED Connect Inc (QEDN)

[Greed Kills]

I am interested to see how things go after 9/26. You are hearing that the Market Makers are interpreting the new SEC Rules requirement to have current financials as being satisfied if OTC lists the issuer as pink limited. You are also hearing that OTC believes it has some obligation to determine whether financials are current but certainly has no obligation to audit financials. So if OTC says financials are at list limited then OTC will be publishing quotes because the Market Makers will be publishing quotes.

If this is the way it works it is still a very broken system. It doesn't seem like OTC would have much incentive to remove an obviously misstated financial to inactive. It wouldn't surprise me at all though if QEDN is still trading despite not having current financials. I suppose any of us could take that up with the SEC or the OTC.