SAPX Pink Limited was expected, thought you knew. Still trades like it is Pink Current. Means nothing.
CNNA is still waiting for the second SEC Form10 to filed using a new auditor. Why?+. The auditor, accounting firm 100s of NYSE and Nasdaq firms and only 27 OTC stocks, that was well respected got executed by the SEC for cutting corners on audits in May this year.
One theory is that may be why the SEC asked CNNA to withdraw the form 10 last year, just days before the 60 days when it would made CNNA Pink current. I have a less obvious but better theory.
OTC Markets lied to retail folks last year, long story. May not be long before the SEC sues OTC Markets for being the gate keeper and broker deal at the same time for OTC stocks which is a super crazy conflict of interest.
Now back to CNNA, as it has rallied and held while in EM Expert Market land since June last year. In fact while in Expert Market it rallied 1000%. That is why paid bashers working for the hedge funds that are short are so busy bashing both stocks, because they got their royal Jewels thing trapped in a BEAR-Trap.
While being 2 years late on financials. Did shorts cover? Did aliens buy up the float while it was in Expert Market?
I think Jason had about 79 days to file the annual with the OTC Markets. I think he wants 2 years of audited annuals, in hand before he files with the OTC to buy time, and then he will have time to Edgarize the annuals in an SEC Form 10.
JB and CNNA and 100s of NYSE and NASDAQ stocks got caught off guard in May with an SEC no warning executed, previously well respected Auditor, and had to find a new auditor. That was not on JB's / SAPX's or CNNAs bingo card, and that put them both, and hundreds of other stocks way behind, and forced them find, hire and pay for new audits, because the old auditor, Borgers was gone, closed, dead in hours when the SEC PR was released.
I do not think JB (or anyone else) would want to file an unaudited annual with OTC Markets weeks before have a different, audited version done for the SEC form 10 filling, causing the OTC Markets filing delay. Those are the facts and my analysis/opinion at this time.
Bullish