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Re: Martin81 post# 81744

Tuesday, 11/22/2011 3:29:42 PM

Tuesday, November 22, 2011 3:29:42 PM

Post# of 371728
While they probably DO have their sights set on uplisting, yesterday’s filing appears to be an effort to stay Current on the Pinksheets.

From the November 17th filing:

Management Discussion Regarding “Compliance” Requirements for “Current” Reporting Status on OTC
Company President, Fred Shefte, and Company Chairman and C.E.O. Eric Parkinson held a managers meeting on Thursday, November 17, at 10:30 am CST to discuss various issues relating to the Company’s Q3 filings and “compliance” requirements with the OTC Markets in order to maintain a “current information” emblem on the Company’s stock information page.

Email communications were exchanged with representatives of the OTC Markets / Pinksheets, which detailed additional reporting disclosures that are required in order for the Company to be restored to “current” status. The following items are required to be posted, based on the OTC “Guidelines for Providing Adequate Current Information” (item numbers refer to reporting items not currently provided to OTC by TDGI).


After mentioning some specific requirements like a Statement of Cash Flows, they made this general statement labeled Item 7:

Item 7: Information required under “Current” and ongoing reporting requirements as specified in the Guidelines.


Below is a link to what appear to be the Guidelines referred to: “Alternative Reporting Standard: Guidelines for Providing Adequate Current Information.” It requires a lot of detail, and is probably what prompted the disclosures we see.
https://www.pinkotc.com/content/doc/DisclosureGuidelines.pdf

++++++++++++

Regarding the Statement of Cash Flows, I phoned the company to say that it does not appear to be correct. They said they will look into it.


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