Replies to post #90278 on Starfleet Innotech Inc (SFIO)

[chaostrader]

Audited allows for a public company to capital raise with qualified Institutions who are investing long-term, and are supporting management vs non audit which can constraint, dilute and increase the cost of capital for a public company in a significant way.

This why there is a separation between alternative reporting and audited financials listed companies.

In my humble opinion of course:)

[chaostrader]

Dear SFIO Shareholders,


OTCQB Eligibility Standards
To be considered for quotation on the OTC Markets OTCQB, a company must meet all of the following requirements:

The issuer must provide Audited Financials. Audited annual financial statements must be prepared in accordance with U.S. GAAP or, for International Reporting Companies or Alternative Reporting Companies listed on a Qualified Foreign Exchange, IFRS or an IFRS equivalent, as applicable, containing an audit opinion that is not adverse, disclaimed, or qualified.

Audits must be conducted by an auditor registered with the Public Company Accounting Oversight Board (PCAOB). International Reporting Companies and Regulation A Reporting Companies are exempt from the PCAOB requirement.

Note for Regulation A+ Reporting Companies: The exemption from PCAOB requirements covers initial eligibility only. Subsequent annual financial statements must be Audited by a firm registered with the PCAOB.

Source: OTC MARKETS

In my humble opinion of course:)