Touchpoint Group Holdings Inc (TGHI)

[saxonia40271]

They had a piggyback clearance. SEC reporting is not required on the Pinks, and pretty much the exception to the rule. They can switch to standard OTC disclosure. They might have figured, they could save worthwhile resources by simplifying their reports. It could even be the reason they haven’t posted yet.

SEC reporting is unquestionably more expensive, especially audited reporting. Even regular exchange traded companies don’t always need audited financials, at least not quarterly, just annually, at least smaller companies. The audits can consume enormous resources. Now that they seemed to have switched standards, I‘d say, it‘s about time to finally drop that report. Their recent conduct hasn’t exactly been reassuring.

I don’t see this change impacting their tradability. The bigger problem is that there’s no bid. It‘s important to restore some investor confidence.