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Hot Diggity Dog

01/13/21 6:18 PM

#65820 RE: wickw50 #65819

You may be correct. I generally stay away from the OTC pinkies.
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MLR_Lite

01/13/21 7:51 PM

#65826 RE: wickw50 #65819

I am having deja vu. We talked about this when we were expecting the merger news. We all expected an 8k but I think it was brezlin that verified a NONCURRENT company did not have to file an 8k. Now that we are current I hope the 4 day rule is in effect.

or I could be way off base here. But it was something along those lines.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159950529&txt2find=8k
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falon

01/13/21 8:10 PM

#65832 RE: wickw50 #65819

Corporate Actions - SEC Rule 10b-17 requires all OTCQX, OTCQB and Pink companies to provide timely notice to FINRA of certain corporate actions, including dividends, stock splits, reverse splits, name changes, mergers, acquisitions, dissolutions, bankruptcies or liquidations, at least 10 days prior to the record date. Companies who fail to report such corporate actions in the required time may be subject to fines up to $5,000. For more information, see FINRA's Notice to Member 10-38. For further details, contact FINRA's Operations Department at 866-776-0800


https://www.otcmarkets.com/learn/reporting-standards
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Hot Diggity Dog

01/13/21 10:02 PM

#65861 RE: wickw50 #65819


Looks like they need to make public material info within 4.

In case anyone wants to do some light reeding... A lot of OTC info here:



https://www.otcmarkets.com/corporate-services/information-for-pink-companies






• To qualify for Current Information on an ongoing basis, companies must upload reports through OTCIQ on the following schedule:
• Quarterly Report within 45 days of the quarter end
• Annual Report within 90 days of the fiscal year end
• Attorney Letter within 120 days of the fiscal year end.

Pink Limited Information Tier
Companies that make the information described below publicly available through OTCIQ for a period within the prior 6 months may qualify for the Limited Information Tier.
• Financial Statements: Financial reports must be prepared according to U.S. GAAP or International Financial Reporting Standards (IFRS) but are not required to be audited.
• Balance Sheet
• Statement of Income
• Statement of Cash Flows
• Statement of Retained Earnings (Statement of Changes in Stockholders’ Equity)
• Notes to Financial Statements
• Audit Letter, if audited

• Verified Profile: The Company must verify the Company Profile through OTCIQ, including, but not limited to, a complete list of officers, directors and service providers; outstanding shares; a business description and contact information.

Current Reporting of Material Corporate Events
Companies are expected to release quickly to the public any news or information regarding corporate events that may be material to the issuer and its securities. Persons with knowledge of such events would be considered to be in possession of material nonpublic information and may not buy or sell the issuer’s securities until or unless such information is made public. If not included in the issuer’s previous public disclosure documents or if any of the following events occur after the publication of such disclosure documents, the issuer shall publicly disclose such events by disseminating a news release within 4 business days following their occurrence and posting such news release through an Integrated Newswire or OTCIQ.
Material corporate events include:
• Entry into or termination of a material definitive agreement
• Completion of an acquisition or disposition of assets, including but not limited to merger transactions
• Creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of an issuer
• Triggering events that accelerate or increase a direct financial obligation or an obligation under an off-balance sheet arrangement
• Costs associated with exit or disposal activities
• Material impairments
• Sales of equity securities
• Material modification to rights of security holders
• Changes in issuer's certifying accountant
• Non-reliance on previously issued financial statements or a related audit report or completed interim review
• Changes in control of issuer
• Departure of directors or principal officers; election of directors; appointment of principal officers
• Amendments to articles of incorporation or bylaws; change in fiscal year
• Amendments to the issuer's code of ethics, or waiver of a provision of the code of ethics
• Any changes to litigation the issuer may be involved in, or any new litigation surrounding the issuer
• Officer, director, or insider transactions in the issuer’s securities
• Disclosure regarding stock promotion campaigns deemed material by the issuer
• Other events the issuer considers to be of importance



Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines