What that means is that when DTIII files a OTCQB Certification or a Financial statement with the new O/S, the OTC sends it to the transfer agent to verify.
The OTC sends it to the transfer to verify.
I had companies that were audited and the auditors found the O/S was incorrect and the OTC changed the amount when the financials were filed.
I also called one on the TA's and they said they only verify with the OTC and do not update. They do not initiate the update only verify when requested.
So I am not sure they verifl with the Transfer agent even though they state it or else this could not have happened. This is the OTC, a lot of times they are lackadaisical.
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