Now there is a possibility that both
and the letter in the previous post are both accurate.
While QTMM hasn't respond
"Respondent is ORDERED to SHOW CAUSE by July 16, 2021, why the
registration of its securities should not be revoked by default due to its failure to file an answer and to otherwise defend this proceeding"
is because they have no intention not to be revoked,
And while they have not filed a response that doesn't mean they haven't been in communication with the SEC to discuss options to become re register after revocation of the shares.
But there is one thing that is troubling "have its shares of common stock traded on the OTC Market" , wasn't it a Pasaca requirement to up list to a higher exchange?
Quote:Following the revocation of registration and termination of its reporting status, the Company intends to once again become a reporting issuer with the SEC and to re-commence its filings with the SEC at the earliest practicable date. In that regard, the Company is diligently working with its auditors and securities counsel to compile, disseminate and review the financial and other current information required to be presented in its public filings, and to prepare and file a registration statement to once again become a reporting issuer. Thereafter, and subject to satisfaction of all regulatory approvals, it will seek to once again have its shares of common stock traded on the OTC Market.
and the letter in the previous post are both accurate.
While QTMM hasn't respond
"Respondent is ORDERED to SHOW CAUSE by July 16, 2021, why the
registration of its securities should not be revoked by default due to its failure to file an answer and to otherwise defend this proceeding"
is because they have no intention not to be revoked,
And while they have not filed a response that doesn't mean they haven't been in communication with the SEC to discuss options to become re register after revocation of the shares.
But there is one thing that is troubling "have its shares of common stock traded on the OTC Market" , wasn't it a Pasaca requirement to up list to a higher exchange?
