They ARE current in their reporting. "Pink Limited" is current on otcmarkets.com -- it might not be as transparent as "Pink Current" but it's still current. All you have to do to be current on otcmarkets.com is file the annual report on time and file an Attorney's Letter a month later.
Look, a couple of posters were saying that some entity will tell this new management that they "can't" do the R/S, and that is bullshit. That's my whole point. I don't like to see bullshit on these boards so I posted the truth. I'm not going to defend the truth further -- do your own DD if you don't believe me.
This is the OTC. When you merge into a shell, you do so because you want to go public and dilute to get funding. It's just business -- nothing personal against existing shareholders, but there's no reason to go public if you're not going to dilute -- it's not like you WANT to inherit a bunch of demanding shareholders who think you owe them something. This shell had the O/S almost equal to the A/S, which means there are not many shares on the shelf. If they don't do a R/S or increase the A/S they can't dilute, in which case there was no point to reverse merge into the shell. They WILL do the reverse split and then they WILL dilute. They might be a successful company, but they will do the R/S and they will then sell stock.
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