Replies to post #34408 on Golkor Inc (GKOR)

[Jim Bishop]

Only if he knows what he's talking about, and with that 6 month grace bit I'm not sure he does.

They did give them about 5 weeks grace period before briefly dropping them down two tiers for the year end filings.

I'll have to read over Pink OTC compliance stuff, but it's 39 pages long...a quick search shows the word "grace" does not appear in the document.

http://www.otcmarkets.com/content/doc/ps/Disclosure/Guidelines/2.pdf

Certainly there is no 6 month grace period with the SEC or with the OTC BB.

With the SEC there is a 15 day grace period but only after filing an NT10Q advising of a late filing.

There is a 30 "grace" period with the OTC BB, but during that 30 days they get an E appended to the symbol, then if they don't file within the 30 days they get bounced off the BB to the Pinks.

Also with the BB, they have "3 strike rule". 3 late filings in a 24 month period and a company gets bounced back down to Pinks.

[Jim Bishop]

Nope, there is no official grace period with Pink OTC. You could call them and ask if they have some unofficial one.

Quarterly Reporting Obligations

In order to be considered as having adequate current information publicly available, issuers must publish Quarterly Updates to their disclosure statements through the OTC Disclosure and News Service, no later than 45 days after the end of each fiscal quarter. Quarterly Updates should contain responses to the following items, and should follow the format below.

http://www.otcmarkets.com/content/doc/ps/Disclosure/Guidelines/2.pdf

[gump90]

Go here for the timely ? compliance records. LOL.
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=katx

And NO MOST DEFINITELY NOT private. KAT is a PUBLIC company owned by the SHAREHOLDERS !! Corporate Affairs 101.