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RammageRaul

04/23/23 11:14 AM

#40471 RE: LaFortuna #40470

Relax comrade we have until May 22
PACV
Bullish
Bullish
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PennyStockTrader2

04/23/23 12:20 PM

#40472 RE: LaFortuna #40470

Not sure where you got that date, but my research says otherwise as I posted on another board for stock in similar scenario:

Mid July - (180 days past end of the last quarter ending Dec 2022 plus 14 day grace period).

https://www.otcmarkets.com/learn/15c2-11-resource-center

"In order to remain designated as “Current Information” on our markets, companies with Exchange Act reporting requirements must make timely filings of all reports required to be filed with the SEC.

Rule 15c2-11 permits additional time (180 days) for Exchange Act reporting companies to continue to be eligible for public broker-dealer quotes. Accordingly, companies that make their annual or quarterly reports publicly available (via EDGAR) within 180 days of the end of the applicable quarterly or annual reporting period will still be eligible for broker-dealer proprietary quotes, but will be designated as “Limited Information”.

For example, if a company with a fiscal year end of December 31st files its second quarter 2021 report in a timely manner (by August 16, 2021), it would remain in the “Current Information” Tier until the third quarter report is due (November 15, 2021). If the third quarter report is not filed, the security would still be eligible for broker-dealer quotes, but would be moved to the “Limited Information” tier and would continue to be eligible for public broker-dealer quotes until December 27, 2021 (180 days after the end of the issuer’s second quarter). Thereafter, assuming the issuer did not rectify its disclosure deficiencies, the security would enter the 14-day grace period and move to the Expert Market for unsolicited quoting only."