Cann American Corp (CNNA)

[DD_dempsey]

You are very welcome-$CNNA- ALSO please read:

IMO-I have a feeling we are going to see a strong positive reactionary session after a nonsense sell off that appears to have started PRE MARKET yesterday out of “falsifed” fear and it happened so fast during the open. It was nonsense. Happy the company tweeted that they made sure no Rule 15c issue with verified profile will exist once audit is uploaded.

EVERYONE knew to eventually expect the grace period designation if filings didn’t come by June 1 - and dark/defunct due to lack of filing since quarter 2 2022. I made it clear in the DD. That why we wanted to see filings as close to June 1 as possible. They still get a grace period so nothing changed. That Simple. That’s for any company that goes that long without submitting an annual or quarterly filing and was Otc pink limited. To make assumptions that the company wasn’t already or going to satisfy THE Rule 15c2-11 amendments while set to submit SEC audits to go current as SEC registrar is absurd IMO.

THINK ABOUT IT- ITS A darn OTC MARKET VERIFICATION OF a company PROFILE. Of course they will make sure anything needed is satisfied. All it takes is one response to an email with additional questions if they really still needed it.
Who Audits (spends several tens of thousands) and then doesn’t make sure they also satisfy any stupid VERIFY of OTC profile situation. The fact people/investors fell for that nonsense is absurd IMO. Of course they will make sure that OTC is satisfied. But supplying SEC Edgar audits does much of that already! It includes 2 years of ANNUALS! And so much more.

This from OTC MARKETS- here you go:

DO YOU NEED TO DO ANYTHING as a pink current or pink limited?

The answer is no. If you already have OTCIQ access and you are posting disclosure and you are in the Current or Limited information categories, you are doing what you need to be doing. However, we are going to have to ask all of the companies that have DNS access to re-verify their profile. Please look out for emails regarding profile re-verification and respond in a timely fashion. There’s some information that we have not previously collected from issuers in those profiles that is required by the SEC under the new Rule 15c2-11 amendments.

https://blog.otcmarkets.com/2021/07/16/otc-markets-rule-15c2-11-amendments-faqs/

SO THATS IT. THEY WILL BE SUBMITTING SEC AUDITS THROUGH EDGAR- that clearly collect the data needed to satisfy and they are in communication with OTC to provide whatever else would then be needed.

IMO- WE GET THE AUDITS- (within the grace) and this goes IN GREAT STANDING with OTC markets. I hope this clears it up for everyone else too. They should just email the company or respond the the tweet they put out and get these fears put in check.

MY HOPE WAS TO HEAR TODAY- the audits can begin to upload!! I realize that we can hear that today or tomorrow and it’s still all in good standing. I truly hope the company will now hold our hands a little bit as the more they communicate the better we appear to feel. REAL THINGS TAKE LONGER since they are REAL.
I have to have faith they do have the Audits. There is too much at stake if that’s not true. I’m betting they do have them imminent and shareholders will be rewarded once we see they indeed upload. Now That session will be one I will make sure to stay up for. :).