Replies to post #39428 on Innerscope Hearing Technologies Inc (INND)

[wamuvoodoo]

scare the weak raise the strong

[Dragon Lady]

"SEC filing" IS BECOMING PASSE !! OLD SCHOOL !!

TONS of attorney articles and similar on why SEC FILING IS OLD and DATED for emerging and smaller RAPID GROWTH COMPANIES !!

Sarbanes-Oxley created a regulatory NIGHTMARE and mega-bucks MORASS to navigate = NO SENSE until AT LEAST a $BILLION in sales and 100's of employees and then NASDAQ is where companies go !!

Until then- a company get thee MOST BANG FOR THEIR BUCK and SAME END RESULT via "ALTERNATIVE FILER STATUS" and making use of the OTC markets EXACTLY as they were designed = access to capital, FREE TRADING SHARES with full disclosure filings and rapid growth AT A FRACTION OF THE COST and REGULATORY NOOSE around a smaller company's neck !

THIS = the wave of the future.

I've posted NUMEROUS times on other stock- GET THE HELL OUT OF "SEC FILER" status and GO ALTERNATIVE and you get the SAME or BIGGER MARKET CAP and BETTER TRADING SHARES and OTC-QB and don't piss away MINIMUM $200K ANNUAL to the DINOSAUR and filthy feds called "THE SEC" !!

INND = FIRING ON ALL CYLINDERS HERE FOLKS = SMARTEST MOVE THEY COULD EVER MAKE !!

NO ONE gives a shit on the OTC about supposed "prestige" of "THE SEC" blah blah- just PINK CURRENT and especially OTC-QB = you can GROW and TRADE LIKE THE BIGGEST RUNNERS IN HISTORY !!!

[Dragon Lady]

EXAMPLE_OF_A 15-12g Move_and_ALTERNATIVE_FILER:

I'm going to link to OPTI purely as an EDUCATIONAL EXAMPLE so people can see how elegant and simple and BEAUTIFULLY THIS "WORKS" - and what INND and CEO Matt just accomplished:

https://www.otcmarkets.com/stock/OPTI/disclosure

SEE THAT - they filed thee SAME 15-12g in Feb 2019 !

Now - LOOK AT THEIR "FILINGS" which are near identical to what one would see of think of as "SEC FILINGS" !

They have a QUARTERLY FILING each Qtr aka the SEC 10-Q equivalent.

Then, they have an ANNUAL FILING the equivalent of a SEC 10-K = cool !

AND - one will see an "ATTORNEY OPINION LETTER verifying and validating" their info TO THE OTC (and indirectly FINRA and the SEC) = DONE !!

Elegant.

Lets look at ONE "QUARTERLY FILING" to show how incredibly (as in magnitudes) more simple it is to complete:

https://www.otcmarkets.com/filing/html?id=13622362&guid=zDLaUqpiBsogRyh

THAT = a "traditional" INND former SEC 10-Q.

LOOK AT IT = complex and lengthy and MUST BE TO THE TEE IN "SEC FORMAT" etc. Damn thing is a simple QUARTERLY REPORT and clocks-in at 40, FORTY PAGES OF INTENSIVE LEVEL LEGAL-EZE BULLSHIT !!!!

NOW - look at an "ALTERNATIVE FILER" filing (OPTI) Quarterly- literally WRITTEN IN MS WORD and I can bang-out this filing on a laptop in a short weekend, and I'm not joking or kidding = simple, to the point, and ONE SET OF "FINANCIALS" = the hardest part and if they sent me it on Quickbooks or just any accounting program or as a txt file = easy peasy done !

https://backend.otcmarkets.com/otcapi/company/financial-report/271185/content

SEE THAT = 33 pages of SIMPLE TEXT and most of the length is due to repeating tables of "shares issued" = probably not even necessary, but they filed it that way.

POINT IS = that is what's going to "happen" now. INND will WRITE THEIR OWN FILINGS with some minor "accounting assistance" and perhaps a quick tax attorney once over and SEC council OPINION LETTER after all "up to date" for PINK CURRENT.

HERE is a typical "ATTORNEY OPINION LETTER" probably $1K or less to get a decent SEC attorney to draft one - shot around, probably $500 bucks :)

https://backend.otcmarkets.com/otcapi/company/financial-report/259288/content

(SHE'S AN IMMIGRATION ATTORNEY in the So-Cal area of "Little Saigon" who does a lil SEC work on the side- Matt should call here, she's probably DIRT CHEAP and she's "clean" per the OTC and meets their requirements = LEAN and MEAN !!)