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Inorout

06/20/17 9:32 AM

#77294 RE: Inveigled #77282

For a new ticker current financials are required. All companies must comply with this rule to get a new ticker. After a new ticker is given, many companies fall behind in their financial reporting and this will lead FINRA to drop a company's tier to say, Limited Information. Then after 6 months of non reporting FINRA will drop an issuer to No Information. So companies do sometimes have their tier rating lowered but all these listed companies were actually current when they first got listed. Likewise, DOLV management needs to file its consolidated financials first if they want that new ticker. It's really quite elementary and not hard to underststand. But some folks want to ignore reality. No financials = No new ticker.