Replies to post #125714 on Good Vibrations Shoes Inc (GVSI)

[HokieHead]

Ummm no..

[Yolo]

My understanding is that it is 18 months from the first quote by a broker or whatever happened when GVSI came off expert market.

So for any company that was pink current in September 2021 (when the new rules went into effect), the 18 month deadline is this month. But since GVSI just got pink current in February, it has 17 months left still.

WNFT and SRNW face shorter deadlines, although it isn't clear whether it matters or not. It looked like it isn't an issue provided you remain current with disclosure requirements (e.g., brokers only need the piggyback exception if you aren't current), but I could be wrong. If I'm correct, it'll mostly impact the scammy sort that become delinquent but still hang around making promises but not filing disclosures.