Replies to post #191632 on DD Support Board and Research Team

[Talc Moan]

I see Penny Exempt Stocks. They have to make X amount of Millions per year for I think 2 or 3 years in a row to get it.

[loanranger]

"with current (and audited!) financial statements provided to the SEC"

FWIW (and I'm not sure it's saying the same thing) 17 CFR § 240.3a51-1 says:

"For purposes of paragraph (g) of this section, net tangible assets or average revenues must be demonstrated by financial statements dated less than fifteen months prior to the date of the transaction that the broker or dealer has reviewed and has a reasonable basis for believing are accurate in relation to the date of the transaction..."

The language of the rule seems to allow for some definitional wiggle room around "with current (and audited!) financial statements provided to the SEC" and OTCMarkets loves wiggle room.