Replies to post #14887 on Zhuding International Ltd (ZHUD)

[Magnum7419]

I hope you are right.......lets work together to prove it okay ?

[Magnum7419]

" In addition, to maintain Limited information status, a company must subscribe to the OTC Disclosure & News Service with an annual fee of $4,200 and a one-time set-up fee of $500."

The OTC Pink, which includes the highest-risk, highly speculative securities, is further divided into three tiers: Current Information, Limited Information and No Information, based on the level of disclosure and public information made available by the company either through the SEC or posted on OTC Markets. There are no qualitative standards beyond disclosure for OTC Pink companies, which include companies in all stages of development as well as shell and blank check entities.

Current Information

Companies with Current Information status on OTC Markets include both companies that are subject to and current in their SEC Exchange Act reporting requirements and companies that file current information on OTC Markets in accordance with their Alternative Reporting Standards. The following minimum disclosure is required to maintain Current Information status:

If subject to the Exchange Act reporting requirements, compliance with such reporting requirements will satisfy the financial reporting requirements for Current Information;
If not subject to the Exchange Act reporting requirements, a company must post annual financial statements, including a balance sheet, income statement, statement of cash flows and notes to financial statements, for the previous two fiscal years or from inception if the company is less than two years old, which annual report must be filed within 90 days of fiscal year end;
If financial statements are audited, the auditor report must be posted (audited financial statements are not required);
If the company’s financial statements are not audited, an annual Attorney Letter and Attorney Letter Agreement must be posted within 120 days of fiscal year end;
If not subject to the Exchange Act reporting requirements, a company must post quarterly financial statements within 45 days of the end of each fiscal quarter;
The company profile page on OTC Markets must be current and accurate;
File annual and quarterly reports with narrative information and CEO and CFO certifications that track SEC Rule 15c2-11 disclosures and can be completed using a fillable form available through OTC Markets;
A company must file a Form 8-K if SEC reporting or submit a news release within 4 days of any of the following:
Entry or Termination of a Material Definitive Agreement
Completion of Acquisition or Disposition of Assets, Including but not Limited to Mergers
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
Other events the issuer considers to be of importance
In addition, to maintain Current information status, a company must subscribe to the OTC Disclosure & News Service with an annual fee of $4,200 and a one-time set-up fee of $500.

Limited Information

Companies with Limited Information status on OTC Markets are delineated by a “yield” sign and post some financial and basic information on the company on the OTC Markets website, but either do not report to the SEC or do not include enough information to satisfy the Current Information requirements. The following minimum disclosure is required to maintain Limited Information status:

Maintain quarterly and annual reports that are no older than 6 months and that include a balance sheet, income statement and total number of issued and outstanding shares;
Financial statements must be prepared in accordance with GAAP; and
The company profile page on OTC Markets must be current and accurate.
In addition, to maintain Limited information status, a company must subscribe to the OTC Disclosure & News Service with an annual fee of $4,200 and a one-time set-up fee of $500.
http://www.legalandcompliance.com/securities-law/otc-market-compliance/otc-markets-listing-requirements/