Kasten Inc. (KAST)

[linda1]

The OTC Markets is saying that Shells
have a transition period of 18 months
from the Effective Date of the new Rule
- which is Sept 28, 2021.


This means that KAST has until
March 28, 2023 to become a business.


It is the Shells which are registered as Shells
after the Sept 28, 2021 effective date
that start their 18-months period on the
day of their initial public quotation.



“ Rule 15c2-11 (The “Rule”) restricts the
ability of broker-dealers to quote securities
of shell companies.

Effective September 28, 2021, broker-dealers
may only quote a security within 18 months
following the initial priced quotation, and only
if the company makes current information
available to investors pursuant to the Rule.
The Rule also provides an 18-month transition
period for any company that was identified
as a shell on the effective date. “




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




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