Kona Gold Beverage Inc (KGKG)

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IMO, Joseph Thornburg is PURE COVER-UP for Lance-O-Letti!

Posting this for Charles and Matthew >> New Rules for next weeks annual reports:

OTC Markets Increases Disclosures for Pink Sheets

On January 3, 2013, the OTC Markets revised its disclosure requirements for issuers quoted with an OTC Markets “Pink Sheet Current” tier. These revisions increase current events disclosures for a laundry list of corporate events but reduce the obligations of issuers to provide legal opinion letters from securities lawyers.

OTC Pink Current Reporting

Issuers quoted with the OTC Markets Pink Current tier, that the issuer must file an annual disclosure statement, which include unaudited financial statements for the most recent two fiscal years and quarterly reports for the interim periods. The January 3, 2013 revised OTC Pink Sheet Current requirements are set forth below.

* Issuers quoted with an OTC Pink Current tier must give notice of material corporate changes within four days of the occurence of the event, a significant change from the prior ten day period.

* Issuers providing financial statements audited by an accounting firm registered with the Public Company Accounting Oversight Board (“PCAOB”) are not required to provide an attorney opinion letter.

* Issuers not providing audited financial statements must file an attorney opinion letter from its securities lawyer for its annual report.

The OTC Markets Pink Sheet Laundry List

Under OTC Markets Disclosure Guidelines, corporate events that must be reported include:

* Entry or termination of a material definitive agreement (this includes agreements involving convertible securities);

* Completion of acquisition or disposition of assets including, but not limited to transactions involving reverse mergers;

* Creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of an issuer;

* Triggering events that accelerate or increase a direct financial obligation or an obligation under an off-balance sheet arrangement;

* Costs associated with exit or disposal activities;

* Material Impairments;

* Sales of equity securities;

* Material modification to rights of security holders;

* Changes in issuer’s certifying accountant;

* Non-reliance on previously issued financial statements or a related audit report or completed interim review;

* Changes in control of issuer;

* Departure of directors or principal officers; election of directors or appointment of principal officers;

* Amendments to the issuer’s articles of incorporation or bylaws;

* Changes in the issuer’s fiscal year end;

* Amendments to the issuer’s code of ethics, or waiver of a provision of the foregoing; and

* Other events the issuer considers to be of importance.

Continue reading at the following link:

http://www.securitieslawyer101.com/otc-markets-pink/#more-3954