Posted On: 04/14/2014 11:05:13 PM
Post# of 17862
There are different reporting guidelines for OTC Pink Current vs. OTC Pink Limited. OTC Limited stocks are required to disclose a balance sheet and income statement, but not required to disclose a cash flow statement and OTC Current stocks are required to disclose all three. Also, an OTC Current stock must report in a timely way, meaning the annual report must be disclosed within 90 days of the end of the fiscal year for the annual report and withn 45 days of the end of the quarter for a quarterly report.
Consequently, when a company is listed as OTC Pink Limited, it means at least one of two things:
1) they are late to file, and/or
2) they don't disclose a cash flow statement.
HIMR is listed as OTC Pink Current, so I guess the notice of late filing lets them retain that status. Maybe the status will change to Pink Limited if they miss that deadline, but it would only seem to mean they are late.
Consequently, when a company is listed as OTC Pink Limited, it means at least one of two things:
1) they are late to file, and/or
2) they don't disclose a cash flow statement.
HIMR is listed as OTC Pink Current, so I guess the notice of late filing lets them retain that status. Maybe the status will change to Pink Limited if they miss that deadline, but it would only seem to mean they are late.
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