Why would Sharp file a Form 15 only to withdraw it? Sharp isn't saving any money.
OTCpinkSRNW @OTCpinkSRNW · Jun 27 In an effort to save over $80,000/year in auditing & legal costs, $SRNW has elected to file a Form 15 with the SEC to suspend its reporting obligations, until a suitable merger candidate has been found. The company will continue trading as Pink Current
If he withdraws the Form 15 - how how he saved money.
OTCpinkSRNW @OTCpinkSRNW
Jul 1 $SRNW has been temporarily downgraded to OTC Pink Limited while our application to submit financials through OTC's disclosure service is processed
Sharp dragging his feet and teasing shareholders along the way. Why not keep reporting to the SEC because an Audit isn't due until 90 days after 12/31/2025? Does Sharp not have a merger candidate lined up for 2025?
So am I correct in my understanding that as of now SRNW is not SEC reporting or has filed the Management certification to be on the OTCid and not being as such US investors cannot purchase shares until one of those issues is resolved? Still holding for as long as it takes (not financial advice) but this is a quandary as to why one of those things hasn't happened yet.