It is a good thing because the stock can be traded
Post# of 75354
(Total Views: 836)
Posted On: 05/20/2022 12:28:59 PM
It is a good thing because the stock can be traded again with Etrade and several other brokerage houses. Review isn't the determiner for the status to go from pink limited to pink current, it's the first quarter 2022 report that needs to be filed for that. Shouldn't take too long if the new accounting firm is on the ball as suggested.
The OTCQB status we had before can also be attained, but they'll have to become fully audited again. I believe this new firm can do that way faster then the firms they were using previously. They'll have to cover the cost/fees of course, but then they'll be there. If it's timed with big news/revenue growth, it'll be worth it to get back to OTCQB reporting status, but until then, that status change won't cause an explosion in the stock price on it's own, so I doubt they are in a mad dash to get back to that. Pink current should be a snap though.
The OTCQB status we had before can also be attained, but they'll have to become fully audited again. I believe this new firm can do that way faster then the firms they were using previously. They'll have to cover the cost/fees of course, but then they'll be there. If it's timed with big news/revenue growth, it'll be worth it to get back to OTCQB reporting status, but until then, that status change won't cause an explosion in the stock price on it's own, so I doubt they are in a mad dash to get back to that. Pink current should be a snap though.
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