“Red Herring” is an opinion, Monica. The facts state that in order for ATYG to become listed on a stock exchange as claimed, they must file a registration statement with the SEC.
Another Fact is when the amended Rule 15c2-11 becomes effective starting in June through Sept. 28, there will be hundreds of OTC stocks that will lose Market Maker representation unless they follow Rule 15c2-11. The Zoyes clan will need to provide the required disclosure to OTC Markets by June 30th since they’ve reported No disclosures since 2013. With ATYG the above will apply, and if the company is merged into another then the same will apply to the merging company.
Securities that fail to comply will be removed from Pink as of the September 28 deadline, another Fact. Most often the revelation of a fact, while it might be unpleasant, is beneficial in the end.
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