1) Bankruptcy appears to have been avoided so far.
Post# of 22465
(Total Views: 1238)
Posted On: 03/22/2022 9:44:27 AM
1) Bankruptcy appears to have been avoided so far.
2) The only issues given per SEC letter for it being delisted was failure to be complaint with the exchange's standards, and it Nevada's corporate status (which has been rectified).
Which according to company update in November 24, 2021 is well on it's way to become complaint.
From everything that I have read, I have seen no other SEC violations that need to be rectified other than becoming SEC compliant once more.
It sure appears the path back to relisting for QMC is straight forward and just part of doing normal business requirements.
2) The only issues given per SEC letter for it being delisted was failure to be complaint with the exchange's standards, and it Nevada's corporate status (which has been rectified).
Quote:
A delisted stock can theoretically be relisted on a major exchange, but it's rare. The delisted company would have to avoid bankruptcy, solve the issue that forced the delisting, and again become compliant with the exchange's standards.
Which according to company update in November 24, 2021 is well on it's way to become complaint.
Quote:
On November 16, 2021, the Company was notified by its audit firm, RBSM, LLP, that the firm had completed the fiscal year 2020 financial audit. The current year 2021 audit for The Company is in progress.
The Company looks forward to the completion of its registration statement with the SEC and resume trading of The Company’s common stock.
From everything that I have read, I have seen no other SEC violations that need to be rectified other than becoming SEC compliant once more.
It sure appears the path back to relisting for QMC is straight forward and just part of doing normal business requirements.
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