Funr (FUNR)

[hardlesson]

Not a "Shell" but still a "Shell Risk."

https://www.otcmarkets.com/files/OTCM%20Compliance%20Flags.pdf

"In anticipation of this first 18-month deadline, OTC Markets has included FAQs for shell companies on its 15c2-11 resource center page. OTC Markets has also designated a surveillance team to review for shell status. In general, OTC markets will determine a company is a shell when the company has identified itself as such in its SEC periodic reports or reports filed with OTC Markets via the alternative disclosure system.

This is different than the ongoing “shell risk” designation that a company may periodically see on its quote page. 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."


___
hL