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Re: None

Sunday, 04/07/2024 12:22:01 AM

Sunday, April 07, 2024 12:22:01 AM

Post# of 211847
Let's break it down. This is from another legal website. An opportunity to provide evidence to OTC Markets to request shell risk removal? There are no guidelines on how these guys at OTC Markets pick what dudes they want to go out on a date with. It's weird. Company claims not to be a shell but OTC Markets gets to put a risk flag on it. 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.