I think you're misinterpreting the nature of the filing requirements and the pink sheets. Just being quoted on the pink sheets does not convey an exemption from filing requirements. It's the other way around. The pink sheets do not require a company to be current in its filings to be quoted. The law is very clear and technically Telynx is a reporting company that is required to file. Despite a few sketchy filings recently, key filings are still outstanding and there are many questions that remain unanswered. This is why the SEC has finally acted.
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