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Friday, 10/01/2021 9:18:18 AM

Friday, October 01, 2021 9:18:18 AM

Post# of 35711
Oh mother-EFIR! These guys need to get their shit together... Did they really think that by filing a Tier 1 REG A offering, it was going to magically allow them to remain "proprietary quote eligible" on the OTC Link ATS trading platform. This REG A filing is not the correct registration process to become a fully reporting SEC company pursuant to Section 12(b) or (g) of the Securities Exchange Act of 1934. They should have just followed the Alternative Reporting Standard - Pink Basic Disclosure Guidelines that is required by OTCMarkets for non-SEC reporting companies. It is going to be a while before this ticker becomes "pink current"...

https://www.otcmarkets.com/learn/15c2-11-resource-center

When will OTC Markets Group conduct initial information reviews under Rule 15c2-11?

OTC Markets Group may begin to conduct initial information reviews after September 28, 2021 for companies applying to the OTCQX and OTCQB markets as part of the normal application process.

Companies seeking to begin or resume being the subject of broker-dealer proprietary quotes on the Pink market should work directly with a broker-dealer to submit a Form 211 with FINRA. To maintain an ongoing public quote, these companies will still need to provide current public disclosure on an ongoing basis, either through the SEC, the company’s home country regulator, or our OTC Disclosure & News Service



OTCMarkets has been posting an updated spreadsheet every day that contains a listing of each companies current status regarding compliance...



DISCLAIMER: Anything that I may post should be viewed as a personal opinion. Do not misconstrue these opinions as investment or trading advice. All posts are for entertainment purposes only!