Replies to post #4754 on Altitude International Inc (ALTD)

[AdamS007]

As they prepare for NSDQ/S-1 they keep "headlines" down, but that is coming to an end and their Huge IR Firm (Normally Only NSDQ Companies and now us "hint hint") MZ Group will take it from there...

https://twitter.com/MZ_NorthAmerica

[rubicon_jones]

So C 2 da E-

You just got your question answered about the "quiet period" with the S! filing today. They previously filed an S-1 in May with EF Hutton as the underwriter to raise funds and go to NASDAQ. That has required them to go quiet.

Here is a link to an overview of the quiet period-

https://www.investopedia.com/terms/q/quietperiod.asp#:~:text=The%20quiet%20period%20begins%20when,underwriters%20participating%20in%20the%20IPO.

Here is the quote

"Before a company’s initial public offering (IPO), the quiet period is an embargo on promotional publicity mandated by the U.S. Securities and Exchange Commission (SEC). The quiet period prohibits management teams or their marketing agents from making forecasts or expressing any opinions about the value of their company. For publicly-traded stocks, the four weeks before the close of a business quarter is also known as a quiet period."

While it says IPO and $ALTD is already public- the S1 and uplisting has the same requirements..

Here is a link to the first S1 filing on May 5, 2022- https://www.otcmarkets.com/filing/html?id=15785074&guid=C5_-kpRtlDscdth

They did PR the acquisition as it makes sense since it materially changes the business and dramatically enhances the balance sheet as evidenced by the last Q, but to my understanding, they could not do any forward-looking statements- just the facts and why there have been no other PRs.

It makes sense they wanted to close on the property before the S1 went live and the uplisting was filed. Based on the Q they definitely have the assets on the balance sheet to qualify.

So much to read in the S1 but here is a quote in the summary-

"Our Common Stock is currently quoted on the OTC under the symbol “ALTD.” In connection with this offering, we have applied to have our Common Stock listed on the Nasdaq Capital Market under the symbol “ALTD”. If approved, we expect to list our Common Stock offered in this offering on Nasdaq upon consummation of this offering, at which point our Common Stock will cease to be traded on the OTC."

Any doubts that this was the plan and goal this year should be quenched now. This is filed with SEC and NASDAQ.

Many companies on the pinkies talk about uplisting but $ALTD has been doing it and making the filings and increasing the balance sheet to meet requirements. It is a rarity but has hurt the stock price as the lack of news since May has allowed this to be beaten down as well as the overall weakness in the OTC and broader markets.