Replies to post #48138 on Branded Legacy Inc (BLEG)

[Rick_Sanchez]

VATE currently follows the Alternative Reporting Standard (which can be found on their company profile page on OTCMarkets.com).

Under that standard here is the guideline:

Information contained in annual financial statements will not be considered current more than 90 days
after the end of the issuer’s fiscal year immediately following the fiscal year for which such statements
are provided, or with respect to quarterly financial statements, more than 45 days after the end of the
quarter immediately following the quarter for which such statements are provided.

For the Annual Statement, what that means in normal speak is that they have 90 days from year end to file - so the 2019 Annual needs to be filed by 3/31/20.

For Quarterly Statements, they have 45 days from the end of the quarter to file. So when Q1 ends on 3/31/20, VATE will have until about May 15th 2020 to file.

VATE will not file a Q4 2019 statement, as that is included in the Annual.

This is what makes the news from yesterday important. VATE follows the Alternative Reporting Standard, which means that they are currently not SEC registered and do not report to the SEC or another U.S Banking Regulator. Filing their S-1 statement gets them SEC registered and then they will follow the stricter and more transparent reporting requirements of the SEC in their Annual & Quarterly statements.

Hope that helps.

[RookieStockPicker]

Currently it's been in April. That is why it would be beneficial if revenues are popping, for Medico to give an update, addressing the bottom line. I certainly hope this turns into a Cash Cow for the company and investors.