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MD-420

02/25/22 9:47 AM

#111065 RE: grorate25 #111062

They downgrade their reporting requiem requirements but still need to meet the same due date. Sound like something a successful company would do?
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lesgetrich

02/25/22 11:12 AM

#111067 RE: grorate25 #111062

It means that they no longer have to comply with the strict reporting requirements of the SEC and FINRA. However, they must still do alternate reporting, including quarterly financials, to continue trading. It makes it easier (and less expensive) to file their quarterly reports.