There seems to be a way for QMC to continue tradin
Post# of 22465
(Total Views: 406)
Posted On: 05/26/2021 8:09:13 AM
There seems to be a way for QMC to continue trading on the Pink Sheets with Public Quotes and not on the Grey Market by submitting current financial statements. I am not an attorney or SEC expert so I'm hoping others more expert will comment.
https://www.securitieslawyer101.com/2014/otc-...reporting/
OTC Markets Alternative Reporting Standard
When registration with the SEC is not required, publicly traded companies must still make information publicly available pursuant to Rule 10b-5 under the Securities Exchange Act of 1934 and pursuant to Rule 144(c)(2) under the Securities Act of 1933. OTCMarkets offers the Alternative Reporting Standard for companies who provide material information publicly to investors.
https://www.otcmarkets.com/learn/reporting-standards
Pink companies that do not report to the SEC, U.S. Banking Regulators or a Qualified Foreign Exchange may publish disclosure in accordance with the OTC Pink Basic Disclosure Guidelines. These requirements are designed to give an investor the basic information a broker-dealer must maintain under Exchange Act Rule 15c2-11 in order to initiate a quote in a security on the Pink markets. The Alternative Reporting Standard is available both to U.S. and to international Pink companies . Learn how to upgrade to Pink Current.
Main requirement is reporting current financial statement on document -
Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines
1) Name and address(es) of the issuer and its predecessors (if any)
2) Security Information
3) Issuance History
4) Financial Statements
A. The following financial statements were prepared in accordance with
B. The financial statements for this reporting period were prepared by (name of individual) :
C. Balance sheet;
D. Statement of income;
E. Statement of cash flows;
F. Statement of Retained Earnings (Statement of Changes in Stockholders’ Equity)
G. Financial notes; and
H. Audit letter, if audited
https://www.securitieslawyer101.com/2014/otc-...reporting/
OTC Markets Alternative Reporting Standard
When registration with the SEC is not required, publicly traded companies must still make information publicly available pursuant to Rule 10b-5 under the Securities Exchange Act of 1934 and pursuant to Rule 144(c)(2) under the Securities Act of 1933. OTCMarkets offers the Alternative Reporting Standard for companies who provide material information publicly to investors.
https://www.otcmarkets.com/learn/reporting-standards
Pink companies that do not report to the SEC, U.S. Banking Regulators or a Qualified Foreign Exchange may publish disclosure in accordance with the OTC Pink Basic Disclosure Guidelines. These requirements are designed to give an investor the basic information a broker-dealer must maintain under Exchange Act Rule 15c2-11 in order to initiate a quote in a security on the Pink markets. The Alternative Reporting Standard is available both to U.S. and to international Pink companies . Learn how to upgrade to Pink Current.
Main requirement is reporting current financial statement on document -
Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines
1) Name and address(es) of the issuer and its predecessors (if any)
2) Security Information
3) Issuance History
4) Financial Statements
A. The following financial statements were prepared in accordance with
B. The financial statements for this reporting period were prepared by (name of individual) :
C. Balance sheet;
D. Statement of income;
E. Statement of cash flows;
F. Statement of Retained Earnings (Statement of Changes in Stockholders’ Equity)
G. Financial notes; and
H. Audit letter, if audited
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