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chemist72

04/22/25 7:47 AM

#24725 RE: govprs #24721

I don't think a phone call is necessary.
Either Melvin or his lawyer should be well aware of what the issue(s) is(are) regarding OTCMarkets' decision not to upgrade VMST to Pink Current.

I was only guessing that it might be the Management Certificate that needs to be filed. But I am NOT Melvin's lawyer and therefore I should not be advising him on what he should do. At least that is my opinion.

I am not worried about the Pink Current issue. I believe Melvin will file the required documentation and that VMST will be upgraded to either Pink Current before July 1 or to OTCID on July 1, 2025.

By the way, the link below will take you to a detailed description of the "new" OTCID Rules. It is a 9-page document which as far as I can tell is very well written and contains all the info a company needs to be designated as OTCID compliant.
https://www.otcmarkets.com/files/OTCIDRules.pdf