It they deregister, it doesn't matter whether they become "OTC Markets reporting". There is no such thing. There are SEC registrants, and non-registrants. Non-registrants have no obligation to make any disclosure at all.
If they want, they can pay OTC Markets, and disclose whatever they want there. They can pick and choose; if there's something they don't want to draw attention to, they can omit it.
And that is why OTC Markets "filings" are often unreliable.
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