Posted On: 02/16/2015 3:41:41 PM
Post# of 22462
Back in September/October, QMC rectified all their previous tardiness and achieved OTCQB compliance. My guess is that, in combination with the liability reduction and the settling of the Dr. Bob lawsuit, was done in advance of the transition to a successful commercial entity. Moving backwards, filing-wise would be a disheartening sign. I don't think it will happen.
"The OTC Bulletin Board (OTCBB) eligibility rule requires companies whose securities are quoted on the OTCBB to file updated financial reports with the SEC or with their banking or insurance regulators. If these companies failed to file current financial reports, their securities would be removed from the OTCBB, but could be quoted in another system, such as OTC Link. On the OTC Bulletin Board's website, you can find data concerning companies that were removed from the OTCBB. If you are considering investing in a company that trades on the OTCBB, you can find reports filed by the company on the SEC's EDGAR database."
http://www.sec.gov/answers/pink.htm
"The OTC Bulletin Board (OTCBB) eligibility rule requires companies whose securities are quoted on the OTCBB to file updated financial reports with the SEC or with their banking or insurance regulators. If these companies failed to file current financial reports, their securities would be removed from the OTCBB, but could be quoted in another system, such as OTC Link. On the OTC Bulletin Board's website, you can find data concerning companies that were removed from the OTCBB. If you are considering investing in a company that trades on the OTCBB, you can find reports filed by the company on the SEC's EDGAR database."
http://www.sec.gov/answers/pink.htm
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