The real interpretation of that lack of requirement for reporting with the SEC should be reconsidered. Audited financials are required. They are not required to be filed with the SEC or to meet SarbOx... A FOREIGN issuer might elect to be on their own domestic exchange and to dual list OTCQX filing their FOREIGN format audits with OTC. This is consistent with the majority of the listed companies being reputable European and Canadian companies that do not wish to comply with SEC rules IN ADDITION to their own government's but want access to US investors.
that's why its the pinks .. the standards are relaxed ..
too bad for JBIIE .. a fully reporting company is always a fully reporting company .. so they must file that way from now on until the SEC changes the rules
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