I would like to see all financials to be current for these reasons.
1) we would be fully reporting with the sec. 2) we would see the pps move up. 3) we would move up a teir to the otcqb
4) this is what we would have to our advantage by being in the otcqb market.
SEC hearts the OTCQX and OTCQB.
Official love as established public markets legitimizes OTC Markets for investors and financiers.
June 2013 Newsletter OTCQX and OTCQB Marketplaces Are Now Established Public Markets
On May 16, the Securities and Exchange Commission (SEC) updated its Compliance and Disclosure Interpretations confirming that the OTCQX® and OTCQB® marketplaces are now considered “established public markets” for the purpose of establishing a public market price when registering securities for resale in equity line financings. Companies may now use their OTCQX or OTCQB marketplace designation to complete an equity line financing registration statement, and may rely on quotes published on our SEC-registered Alternative Trading System, OTC Link® ATS, to establish a public market price when raising capital.
The SEC’s decision comes after a decade of changes and improvements in technology, transparency and regulation in our marketplaces, and marks an important development for SEC reporting companies. The SEC’s May 16 Compliance and Disclosure Interpretation updating the Established Public Market policy is available. See Question 139.13.
I love the way you dance around the fact that, MDHI has been the one chirping about becoming fully reporting. I am just holding them to it. I know if they would have 8-K'd that wishfull pr to the sec, they may be in hotter water imo.