InvestorsHub Logo
Followers 5
Posts 475
Boards Moderated 0
Alias Born 05/07/2015

Re: None

Tuesday, 07/26/2022 3:37:04 PM

Tuesday, July 26, 2022 3:37:04 PM

Post# of 73540
Rule 15c2-11 - It seems otcmarkets has carelessly messed up the whole thing relative to VDRM and that rule.

VDRM is Non-Accelerated Filer. Thus, 2nd Quarter Report is due 8/15/22, and not 7/31/22 for Accelerated Filer.

The Grace Period is 4 business days, not 15, and it is like every other grace period that I have ever heard of it, meaning that the grace period is AFTER a delinquency.

VDRM, and any other companies wrongly tagged, should issue letters to otcmarkets regarding the mistake, or take more aggressive action.

https://www.wilmerhale.com/insights/client-alerts/20201029-sec-amends-rule-15c2-11-to-enhance-publicly-available-information-for-securities-quoted-in-the-over-the-counter-markets