SOHM Inc (SHMN)

[SLC-JD]

In my experience, the clock doesn't reset when the amendment is filed.

The expectation is that the filing is due 90 days after EOY, and the attorney letter 30 days after that. If a material misstatement is discovered and subsequently corrected, I believe that the now updated annual filing would not be considered fully accepted by OTCM until after the updated attorney letter is received. Since we're well outside of that original 120 day period, the company is thus deemed immediately delinquent until the updated attorney letter is filed confirming that the revised annual constitutes adequate public information.

Not positive that this is the case (I've never faced this particular scenario before), but given my past dealings with OTCM, I'd call it an educated guess.