Replies to post #94180 on ProText Mobility Inc (TXTM)

[TS1971]

Wrong again you do not need a form 10 if your audit is PCAOB.
The only reason a form 10 would be needed is if an audit was not PCAOB
Jesus how the hell do you have a private discord and you don’t know the basics!?!

So now you’re saying penny stock exemption is not an advantage??? Or are you just saying that because you can’t answer my original question.

Let me try to ask you simple questions instead.

1) why would the company need a second audit that is PCAOB after just getting one, or a second one at all?

2) if penny stock exemption has no advantages why does it exist?
Why file for it?

3) after over a year and a half with CE and nothing on the books for over a year now why would anyone buy TXTM?

Do some research before answering for Christ sake.

[parabolic2020]

You cleary don't understand these things, and it is frankly a waste of my time to explain these things.But for those who require clarification, here goes.

Penny stock exempt companies are required to file certain reports with the SEC, particularly if they have registered securities or if they meet specific criteria outlined by the SEC.
in order to submit documents to the SEC, you must be SEC reporting

The Form 10 is being filed because the registration with the SEC was withdrawn by the company 7 years ago:
https://www.otcmarkets.com/filing/html?id=11804450&guid=O0Q-kFgG6XoFJth

The Form 10 required to be SEC reporting, what is ALSO a requirement is 2 years of audits done by a PCAOB Auditing firm. The SEC ONLY accepts audits from a PCAOB auditor for publicly trading companies, which is why they will be submitted as well.

These were set in motion as a requirement and a result of the filing just completed due to the amount of assets now independently confirmed among other factors. You dispute that, pick up the phone and ask the OTCM why they made that designation.

So, you see your argument isn't with me, it's with your lack of understanding.

All of this was set in motion by the Audit that was just completed. Why this process is so hard for you to comprehend is not my concern and I'm not about to make it my responsibility.

These are the facts and reporting standards set forth by the SEC. You have a gripe, go to them. In the meantime people who understand what's going on are moving forward. The company WILL become a SEC reporter in short order satisfying the requirements also to uplist to higher exchanges.