Wednesday, May 17, 2023 11:31:40 PM
"As part of its ongoing review of companies, OTC Markets may designate a company with a shell risk flag, where it believes, in its sole and absolute discretion that a company displays characteristics common to shell companies. The designation does not indicate that a company has labeled itself as a shell (that would instead be a firm shell flag not a “shell risk”). The shell risk review includes evaluating asset composition, operational expenditures, and income related metrics. When a company receives a shell risk flag, it has the opportunity to provide evidence, including material changes in financial condition in publicly reported financial statements, to OTC Markets to request the removal of the flag"
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