$AGDY CEO Joseph Amram addresses investor question
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Posted On: 08/26/2021 3:23:55 PM
$AGDY CEO Joseph Amram addresses investor questions regarding the current filing status of the company
https://www.otcmarkets.com/stock/AGDY/news/AG...?id=318096
AGRI-DYNAMICS, INC., CEO Joseph Amram address investor questions regarding the current filing status of the company
As the deadline to file the company financials by September 28, 2021, to be compliant with the current alternative reporting methods, as required by the SEC, some investors have contacted the company to ask whether the company will meet the deadline. Joseph Amram, the CEO of AGRI-DYNAMICS, INC., (OTC Markets: AGDY) received calls, as well as, emails from the shareholders and investors with various questions regarding TD Ameritrade, Charles Schwab, and other stockbrokers that have enacted new policies regarding OTC Pink Sheet public companies. Mr. Amram understands that these questions need to be answered and shared with the public at large.
New SEC updates to the rules and regulation 15c2-11 that will affect all OTC Pink Sheet listed public companies will take effect on September 28, 2021. Late last month, a list of over 6000 public companies that have a Caveat Emptor, Yield, or Stop Sign listed on OTC Markets had been emailed by TD Ameritrade to its clients. It had been shared with their clients that these securities will no longer be able to be bought on their platform after August 13th,but since then adjusted their date to September 3rd and by the end of Augustthey will also not be able to be bought on Charles Schwab, but selling will be allowed. Says Mr. Amram. These SEC rule changes require the filing of the companies financials for the last 2 years to fully disclose the companies revenues and liabilities. As a result, numerous OTC Pink sheet companies have recently been on a mad dash to complete their filings as they are necessary to be fully compliant. It should be known that AGRI-DYNAMICS, INC. has been working diligently on being fully compliant with all SEC rules and regulations and intends to complete its financials on time or earlier, which was the reason an agreement was ratified with partner Here To Serve Holding Corp. (OTC Pink: HTSC) last year.
After working with a number of accountants and CPAs over the past few years, it was obvious and necessary to complete the financials properly as required by the SEC. As a result, certain decisions were made by the company last year to necessitate full reporting. Working with Mr. Paul Riss of Here To Serve Holding Corp and ICF Industries Inc was the best decision that Agri-Dynamics made. Mr. Risss professionalism and attention to details are remarkable and he has updated the company as to the status of the completion of the companies financials. According to Mr. Riss, as of July 20th, he has completed 2018 as well as the 2019 and 2020 financial statements with only 2021 left. The company had hoped to have it all completed before the TD Ameritrade or Charles Schwab deadlines are reached but does not know if it is possible to complete all the work still necessary. This is due to the next step after the financials are complete, which would be to have a qualified attorney complete their due diligence and then to write the opinion letter that is necessary as the final step so that the company can be fully compliant with all the requirements of the SEC by the September 28thdeadline. One thing is for sure and that is that all efforts will be expended to complete what is needed to file on time.
I know we have been talking about this for quite a while and many of our investors have become quite nervous as to whether we will be able to file on time. I have to say that it has always been on the top of our agenda. We have never given up on accomplishing this goal. It is necessary to keep our investors and the public at large updated as to the companies standing financially as well as to what we have been up to.'' states Joseph Amram, CEO of Agri-Dynamics Inc. I have personally put a lot of effort into getting this task done even with all the obstacles we have had to overcome and the difficulty we have had to endure over the years, it has always been our priority. I am so looking forward to getting current so that the company can move ahead to start raising the capital that is necessary to start the mining plans that have been in waiting since before the CoronaVirus pandemic started. It's about time to finalize the LOI signed a number of years ago to implement that start of exploration to re-validate the findings and assays that have already been done and then finally start development of the mine in Northern Arizona, and to have negotiations our affiliates had started for the sale and development of the mine in California completed. There is an amazing future ahead for the company and I look forward to sharing all the news once implemented with our shareholders. I thank all of our shareholders who have stood by us through thick and thin knowing that our determination and focus has always been to make this company successful and increase our stock value for the benefit of all our shareholders and investors.
https://www.otcmarkets.com/stock/AGDY/news/AG...?id=318096
AGRI-DYNAMICS, INC., CEO Joseph Amram address investor questions regarding the current filing status of the company
As the deadline to file the company financials by September 28, 2021, to be compliant with the current alternative reporting methods, as required by the SEC, some investors have contacted the company to ask whether the company will meet the deadline. Joseph Amram, the CEO of AGRI-DYNAMICS, INC., (OTC Markets: AGDY) received calls, as well as, emails from the shareholders and investors with various questions regarding TD Ameritrade, Charles Schwab, and other stockbrokers that have enacted new policies regarding OTC Pink Sheet public companies. Mr. Amram understands that these questions need to be answered and shared with the public at large.
New SEC updates to the rules and regulation 15c2-11 that will affect all OTC Pink Sheet listed public companies will take effect on September 28, 2021. Late last month, a list of over 6000 public companies that have a Caveat Emptor, Yield, or Stop Sign listed on OTC Markets had been emailed by TD Ameritrade to its clients. It had been shared with their clients that these securities will no longer be able to be bought on their platform after August 13th,but since then adjusted their date to September 3rd and by the end of Augustthey will also not be able to be bought on Charles Schwab, but selling will be allowed. Says Mr. Amram. These SEC rule changes require the filing of the companies financials for the last 2 years to fully disclose the companies revenues and liabilities. As a result, numerous OTC Pink sheet companies have recently been on a mad dash to complete their filings as they are necessary to be fully compliant. It should be known that AGRI-DYNAMICS, INC. has been working diligently on being fully compliant with all SEC rules and regulations and intends to complete its financials on time or earlier, which was the reason an agreement was ratified with partner Here To Serve Holding Corp. (OTC Pink: HTSC) last year.
After working with a number of accountants and CPAs over the past few years, it was obvious and necessary to complete the financials properly as required by the SEC. As a result, certain decisions were made by the company last year to necessitate full reporting. Working with Mr. Paul Riss of Here To Serve Holding Corp and ICF Industries Inc was the best decision that Agri-Dynamics made. Mr. Risss professionalism and attention to details are remarkable and he has updated the company as to the status of the completion of the companies financials. According to Mr. Riss, as of July 20th, he has completed 2018 as well as the 2019 and 2020 financial statements with only 2021 left. The company had hoped to have it all completed before the TD Ameritrade or Charles Schwab deadlines are reached but does not know if it is possible to complete all the work still necessary. This is due to the next step after the financials are complete, which would be to have a qualified attorney complete their due diligence and then to write the opinion letter that is necessary as the final step so that the company can be fully compliant with all the requirements of the SEC by the September 28thdeadline. One thing is for sure and that is that all efforts will be expended to complete what is needed to file on time.
I know we have been talking about this for quite a while and many of our investors have become quite nervous as to whether we will be able to file on time. I have to say that it has always been on the top of our agenda. We have never given up on accomplishing this goal. It is necessary to keep our investors and the public at large updated as to the companies standing financially as well as to what we have been up to.'' states Joseph Amram, CEO of Agri-Dynamics Inc. I have personally put a lot of effort into getting this task done even with all the obstacles we have had to overcome and the difficulty we have had to endure over the years, it has always been our priority. I am so looking forward to getting current so that the company can move ahead to start raising the capital that is necessary to start the mining plans that have been in waiting since before the CoronaVirus pandemic started. It's about time to finalize the LOI signed a number of years ago to implement that start of exploration to re-validate the findings and assays that have already been done and then finally start development of the mine in Northern Arizona, and to have negotiations our affiliates had started for the sale and development of the mine in California completed. There is an amazing future ahead for the company and I look forward to sharing all the news once implemented with our shareholders. I thank all of our shareholders who have stood by us through thick and thin knowing that our determination and focus has always been to make this company successful and increase our stock value for the benefit of all our shareholders and investors.
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