I like the changes thus far. Seems that everything we thought to be true, actually is. NO MATERIAL FACTS have changed. LLEG has simply made the website moron friendly so that there is no confusion by us unedumacated investorenos getting confused by all them thar big words, like "future project being explored".
I hope that they stick with the KISS principle from now on to avoid complaints in the future.
Keep
It
Simple
Stupid
FROM OTC MARKETS;
Become an OTC Traded Company
To become an OTCQX, OTCQB or OTC Pink company, at least one market maker must quote the company's securities on the OTC Link interdealer quotation system. Unlike stock exchanges, the OTC market does not have a way for companies to list their own stock for trading. Market makers begin quoting new securities on OTC Link by submitting a Form 211 with the Financial Industry Regulatory Authority (FINRA). In some cases, there may be an exemption available that permits a market maker to begin quoting a stock without filing a Form 211. Generally, this happens when the market maker is already quoting the stock in another market center or if the market maker is only representing an unsolicited customer order, not making a market. For more information, see:
Finding A Market Maker to Sponsor Your Company
Only SEC-registered broker-dealers (market makers) that are members of FINRA can quote securities in the OTC Link system. There are over 150 market makers that participate in the OTC Link system today. Only one market maker quotation is required to start trading. OTC Markets cannot recommend specific market makers. However, market makers included in our 211 Market Maker List welcome potential issuers to contact them to discuss making a market in their company's stock.
Not all market makers are willing to sponsor a new security and file a Form 211. Many market makers will begin to quote a security only after it another firm does the paper work to get the stock on OTC Link. After 30 days, the newly quoted stock becomes "piggyback qualified" and any market maker can begin quoting without filing the Form 211.
Listing Requirements and Fees
There are no listing requirements for the OTCQB or OTC Pink tiers. The OTCQX tier has both qualitative standards and minimum financial requirements.
Current financial information must be submitted with the Form 211. FINRA rules do not require the financial statements of OTC issuers to be audited, but they should be prepared in accordance with GAAP or, for foreign issuers, in accordance with their home country's accounting standards.
While there is no requirement that OTC Pink companies continue to provide updated financial information to OTC Markets; federal securities law requires that adequate current information must be publicly available when an issuer's securities are traded in the OTC market under the following circumstances:
At the time of initial quotation in public markets;
At any time corporate insiders or other affiliates of the issuer are offering, buying or selling the issuer's securities in the OTC market;
During any period that the issuer or affiliates of the issuer are directly or indirectly engaged in promotional activities having the effect of encouraging trading of the issuer's securities in the OTC market; or
At the time securities initially sold in a private placement become freely tradeable in the OTC market. If any of the four above situations are occurring, issuers subject to Section 13 or 15(d) of the Securities Exchange Act of 1934 must be current in their reporting obligations to the SEC and we provide the OTC Disclosure and News Service for non-SEC reporting issuers to make their information publicly available. For more information on these services, please see the OTC Disclosure and News Service section.
With Mike's committment to regain compliance and get trading again, looks like it will not be that big of a hurdle to get this off the grey's fairly quickly.
I WILL CONTINUE TO HOLD STRONG. NOT LETTING GO OF MY SHARES IN A PANIC ! ! ! !
PATIENCE IS STILL KEY WHILE WE AWAIT A FORMAL STATEMENT FROM MIKE / LLEG ! ! !
PANIC IS THE ENEMY ! ! ! !
EVER FORWARD, EVER UPWARD ! ! ! !
LOOKING FORWARD TO ANOTHER GREAT DAY, WEEK, MONTH AND YEAR WITH LLEG !!!
AS ALWAYS,
GO LONG ! ! ! ! ! ! ! ! !
KEEP THE FAITH ! ! ! ! ! ! ! ! ! ! !
ENHANCE YOUR CALM ! ! ! ! ! ! ! ! ! ! !
STAY THE COURSE ! ! ! ! ! ! ! ! ! ! ! !
GO LLEG ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !