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drifterfcrc

05/20/09 8:19 PM

#141824 RE: All City Baby #141823

It takes quite awhile to GET OFF the pinks and I am sure you know that right? I have been in a couple other pinky companies that uplisted and it takes time. Even if they started filing with the SEC this quarter then it wouldn't be until next year. This I know. Guess you know that FINRA requires at least ONE 10KSB Annual Report for uplisting? SARBOX is also a hassle and some companies don't want that pressure. Link below!! ps. Since I believe the company will be sold then it's a MOOT point right??

http://en.wikipedia.org/wiki/Sarbanes-Oxley_Act

upontheedge

05/20/09 8:21 PM

#141825 RE: All City Baby #141823

They are probably in the process of selling the
company for an awesome gain, that kind of trumps
getting out of the pinks for the moment. Geez

kennypooh

05/21/09 1:14 AM

#141897 RE: All City Baby #141823

Because they are not reporting financial information in a timely fashion. You don't have to be 'off the Pinks' to do that...nor does it have to be audited.

Of course, if they sell out it may not matter much?