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ITEM 8.01 - OTHER EVENTS
OTC Markets Filing Codes
On May 11, 2021, the Company received the required filing codes from OTC Markets, Inc. (“OTC Markets”) pursuant to its application with OTC Markets made in late March 2021. These filing codes which will allow the Company to file with OTC Markets all mandatory delinquent and current quarterly disclosure statements required under the Pink Basic Disclosure Guidelines (“Quarterly Disclosure Statements”). The Company is filing these Quarterly Disclosure Statements to become a current alternative reporting issuer with OTC Markets. The Company anticipates having all the quarterly filings downloaded with OTC Markets through the first quarter ended March 31, 2021 within 48 to 72 hours from the public posting of this current report.
Engagement of Securities Counsel
The Company has engaged Donald R. Keer, P.E., Esq., a Pennsylvania licensed attorney, to be its securities legal counsel with regards to all OTC Market issues. Mr. Keer will initially assist the Company in its efforts to become current under OTC Markets alternative reporting system by filing the requisite annual legal letter required by OTC Markets. Additionally, Mr. Keer has been tasked with assisting the Company with the removal of the “Caveat Emptor” and Skull and Crossbones Icon with regards to its stock on the OTC Markets site.
OTC Markets – Real Time Level 2 Quotes
The Company has requested to pay the required annual fee to OTC Markets to allow for “Real Time Level 2 Quotes” of its stock price (e.g., will show the real time full, two-sided market price of the Company’s stock) on its landing page at www.otcmarkets.com. This service will allow all our current market shareholders and investors with access to real time stock quotes on our ticker (e.g., HIRU) at no cost to the investor.
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