Replies to post #13757 on Critical Solutions Inc (CSLI)

[RestingSnitchFace]

A filing to the SEC when a company has some sort of material event. Don't think that MKH has to file an 8-k for anything that they are currently working on....until they proceed with the offering. But I'm guessing that they aren't ready for that yet.

[skichic]

CSLI is not required to file an 8K, a public announcement thru Newswires is all they need to do. They are a Pink Stock with limited reporting requirements. Here is the actual rule:

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 (including adverse information). 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