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Tuesday, January 24, 2023 4:30:42 PM
I'm by no means an expert, but looking at the tier changes page of OTC Markets: https://www.otcmarkets.com/market-activity/corporate-actions (changing first drop down on left-hand side to "tier change"), it seems like (obviously) most companies are going the quarterly report route to get to PC status. TLIF went to PC from PL today, their attorney letter was filed on 1/17 and on 1/24 they made the switch.
GVSI filed original attorney letter on 1/19 and the revised one on 1/23. So as long as everything else is good, it seems like it would be PC anywhere between tomorrow and next Monday (1/30) depending on if the 6-7 day clock starts on 1/19 or 1/23. And also assuming that the 2022 Annual filing including 2021 numbers satisfies the 2 year threshold.
As an FYI, here are the last handful to change from PL to PC and the timing details:
• TLIF - PL to PC on 1/24 (7 calendar days after attorney letter / 20 calendar days after last quarterly report)
• STSN - PL to PC on 1/24 (next day after amended quarterly report, 7 calendar days after original quarterly report)
• WDRP – PL to PC on 1/23 (6 calendar days after quarterly amended report)
• FHRT – PL to PC on 1/23 (6 calendar days after quarterly report)
• CHIF – PL to PC on 1/23 (6 calendar days after quarterly report)
![Bullish](/static/images/ih2-bull.png)
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