Posted On: 05/14/2014 8:29:55 PM
Post# of 768
Budd: How true! Which leads inexorably to a question none dare ask.
OTCM is no Mt. Everest in terms of dark firms filing unaudited reports and finding a berth on Current Info Pink Tier. It appears to be a pro forma process in most cases. However, OTCM has apparently carved out an exception for SKTO. Despite SK filing the nominally necessary paperwork to regain fallen Current status, OTCM has blocked uptier. Downgraded from Current in April, it remains Limited Info Pink.
The question then is: If SK can't climb a modest hill of plausible unaudited financials, how can SK meet the much greater challenge of presenting two years of audited financials plus audited after-quarters to a remarkably less-tolerant SEC than in former years, especially, to pot stocks? That's why the merger agreement builds an escape clause to the drop-dead date, assuming AEGY/SKTO haven't already shelved the merger plan in order to sidestep jeopardy.
OTCM is no Mt. Everest in terms of dark firms filing unaudited reports and finding a berth on Current Info Pink Tier. It appears to be a pro forma process in most cases. However, OTCM has apparently carved out an exception for SKTO. Despite SK filing the nominally necessary paperwork to regain fallen Current status, OTCM has blocked uptier. Downgraded from Current in April, it remains Limited Info Pink.
The question then is: If SK can't climb a modest hill of plausible unaudited financials, how can SK meet the much greater challenge of presenting two years of audited financials plus audited after-quarters to a remarkably less-tolerant SEC than in former years, especially, to pot stocks? That's why the merger agreement builds an escape clause to the drop-dead date, assuming AEGY/SKTO haven't already shelved the merger plan in order to sidestep jeopardy.
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