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Monday, April 24, 2023 10:28:59 AM
I misread what was written and while I believe you have as well, we should actually be past the date as of now.
Its 180 days past the end of the quarter of the last up to date filing, it doesnt matter when they actually filed for that quarter but rather when that quarter ends. So, that would be 9/30/2022, which if you add 180 days plus 14 days grace, lands us at 4/11 which has past, but we are still pink limited.
If your approach is right, then you are missing the 14 day grace period which would get you into June, but, looking at the example that they have posted, it should be marked according to the last day of the last up to date quarter.
Look at the example that they give again (below)
Well then this is more concerning than I originally thought, but I am not worried, I am very confident they'll file, they're not that stupid besides being the worst communicators. My concern as I have stated multiple times, we need to get cash flow positive, they have had YEARS to figure this out, Southern California, New York, whatever, figure it out, enough time experimenting, increase your prices, do whatever you need to do.
https://www.otcmarkets.com/learn/15c2-11-resource-center
"In order to remain designated as “Current Information” on our markets, companies with Exchange Act reporting requirements must make timely filings of all reports required to be filed with the SEC.
Rule 15c2-11 permits additional time (180 days) for Exchange Act reporting companies to continue to be eligible for public broker-dealer quotes. Accordingly, companies that make their annual or quarterly reports publicly available (via EDGAR) within 180 days of the end of the applicable quarterly or annual reporting period will still be eligible for broker-dealer proprietary quotes, but will be designated as “Limited Information”.
For example, if a company with a fiscal year end of December 31st files its second quarter 2021 report in a timely manner (by August 16, 2021), it would remain in the “Current Information” Tier until the third quarter report is due (November 15, 2021). If the third quarter report is not filed, the security would still be eligible for broker-dealer quotes, but would be moved to the “Limited Information” tier and would continue to be eligible for public broker-dealer quotes until December 27, 2021 (180 days after the end of the issuer’s second quarter). Thereafter, assuming the issuer did not rectify its disclosure deficiencies, the security would enter the 14-day grace period and move to the Expert Market for unsolicited quoting only."
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