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Wednesday, March 13, 2024 1:06:25 AM
They should meet the deadline to file the 10-K. Per my calcs, we have till today but OTC Markets seems a bit finicky and may give more grace if working with the company behind the scenes.
"If reporting under Section 13 or 15(d), the company has filings publicly available within 180 days from applicable reporting period end" (15c2-11 Tier Chart.pdf)
08/31/2023 (last filing end period) + 180 days + 15 day grace = March 13 (today)
Worse comes to worse we go into Expert market but we can come right back out of it once compliant, its not the end of the world, BUT there could be something needed with regards to getting a market maker to be fully quoted, but the stock will be tradable with quoting with Fidelity that I am sure of. But this should be avoided at all costs and I have a feeling that OTC Markets does communicate this to the company as a heads up
Anyway I continue to feel that combining with IPSI is a good move for both companies.
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