(Total Views: 481)
Posted On: 04/26/2019 2:31:01 PM
Post# of 40991
Maybe tiger, SRMX should have gone 'current' yesterday but could still go current (for the next few days anyway ... if it doesn't it will get a 'Limited Information' designation).
Today I called OTCM twice and fortuitously spoke both times with the same representative named Michael who said depending on their workload, it may take between 2-3 days to see a ticker become 'current' from a yield sign.
Here's more detail to the normal process according to Michael:
A CEO/company logs into the "Disclosure and News" Service to submit its Attorney Letter or financials or whatever document (that's an automated process). It is reviewed and approved and would show up within 2-3 business days following... if it's simple enough it would/could show up the next business day. If it takes longer than three business days then there are questions that need to be answered/addressed.
I asked about when and why a stop sign is placed. Michael responded"
The Attorney Letter is indeed in reference to the 'Annual' financials.
He would not go into any specifics about ONCI or any other company/ticker.
I think they are unfortunately still questioning SRMX for it not to be 'current' yet and whether they approve and the 'yield' comes off or it gets 'Limited Information' remains to be seen.
Very best to all with ONCI!
Today I called OTCM twice and fortuitously spoke both times with the same representative named Michael who said depending on their workload, it may take between 2-3 days to see a ticker become 'current' from a yield sign.
Here's more detail to the normal process according to Michael:
A CEO/company logs into the "Disclosure and News" Service to submit its Attorney Letter or financials or whatever document (that's an automated process). It is reviewed and approved and would show up within 2-3 business days following... if it's simple enough it would/could show up the next business day. If it takes longer than three business days then there are questions that need to be answered/addressed.
I asked about when and why a stop sign is placed. Michael responded"
Quote:
A stop sign shows up on a company profile when no financial filing is in within six month of the last one OR one is posted that is very definitively not to their satisfaction or amendments are not to the proper level... that is, there are questions concerning the balance, income and/or total outstanding shares ... if after a while of back-and-forth, OTCM's concerns are not satisfied, they will not review anymore and place 'Limited Information' on it... this is done on a case by case basis.
The Attorney Letter is indeed in reference to the 'Annual' financials.
He would not go into any specifics about ONCI or any other company/ticker.
I think they are unfortunately still questioning SRMX for it not to be 'current' yet and whether they approve and the 'yield' comes off or it gets 'Limited Information' remains to be seen.
Very best to all with ONCI!
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