Pure Spectrum Lighting (PSRU)

[ginchinchili]

SARAGO: The "E" is removed automatically after the 30 day probation period is up. That was to happen no matter what. The fact that it was removed and they were bumped down to the pink sheets is not good news. It means that the OTC.BB found that they were not in compliance with whatever PSRU was delinquent on w/the SEC, probably fees and updated documentation. The "E" probation period serves as a warning to shareholders, a red flag. It also means that all the money that PSRU spent buying out International Medical Staffing and moving to the OTC.BB was wasted, just like the $250,000 they spent retaining their financing deal with Socius.