""Note that "disseminating a news release" is not the same thing as filing a Form 8-K. The company should obviously be informing its other shareholders about any new series of shares and the rights attached to them, whether that satisfies a securities law, OTCMarkets Guidelines or just plain good corporate governance purpose.""
It makes good business sense also, having a transparent CEO would most definitely ease shareholder concerns.... It seems Berman could care less about shareholders though ...