No I think it is because his comment about the quiet period was in reference to a question he was asked about share structure. At that time he probably thought the financials would be done within 30 more days. There is probably some rule that within the 30 day period you can not talk about how your financials are going to look.
I guess we have to wait for the end of the quite period to know the answer to those questions.
There are a lot of requirements which need be met for an uplisting, none of which have been met at this time.
It will be very telling when we see the annual report. Heck, they might just be submitting audited financials and the like to start the process and get to OTCQB status, but the second previous holder of the shell(SHARP HOLDING CORP.) filed a 15-12G to terminate registration in 2010...
"The federal securities laws do not define the term "quiet period," which is also referred to as the "waiting period." However, a quiet period extends from the time a company files a registration statement with the SEC until SEC staff declare the registration statement "effective." During that period, the federal securities laws limit what information a company and related parties can release to the public. The failure to comply with these restrictions generally is referred to as “gun-jumping.”
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