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Re: joe botts post# 323728

Monday, 11/06/2023 9:01:07 AM

Monday, November 06, 2023 9:01:07 AM

Post# of 333350
Could be. Pink sheet companies ARE required to report quarterly and yearly financial statements to its stockholders. Failure to do so could result into dropping down to the 'expert market' you mentioned. Read the attached link. That exchange has even less restrictions and rules than the 'pink sheets'. Maybe this is the strategy of this leadership to go even more quiet. Who knows what they are thinking, but for a company that years ago PR'd everything and anything (hype), they have gone seriously quiet for a while now.

https://www.investopedia.com/articles/fundamental-analysis/08/pink-sheets-ottcb.asp#:~:text=Key%20Takeaways,%2Dcounter%20(OTC)%20stocks.&text=of%20their%20share-,prices%20were%20once%20published%20on%20pink%2Dcolored%20paper.,their%20quarterly%20and%20annual%20financials.

Failure to abide by these rules could lead to getting moved from the Pink market to the Expert market, where there are no public broker-dealer quotations.

Pink sheet requirement: "Disclosure requirements include publishing quarterly and annual financials, which don't need to be audited but must be prepared according to U.S. GAAP or International Financial Reporting Standards (IFRS)."