was16 the CE cannot come off until and unless the KB/Careclix deal has been audited and released to the public.
Here's the OTC rules:
The Caveat Emptor Designation may be assigned when OTC Markets becomes aware of one or more of the following:
Undisclosed Corporate Actions — The security or company is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available.
Now let me get to the point, if that audit is not complete and mentioned in the forthcoming 10Q, it is my opinion this is going to drop severely (like a rock), since the stock valuation is going to be under a nickel.
Yes, yes, I understand you, Ed, MWM, 3Wheeler, DT can wait but aren't most of you still above water on this stock, so you can afford waiting and not even be impacted by a drop? Matter of fact most of you are in the money...no worries whatosoever.
For those breaking even or underwater, this is bad news and risky.