This pertains to Vice President Lauren Herron appointed May
This pertains to Vice President Lauren Herron appointed May 02/2022 came on company profile then disappeared with no explanation
Issuers must file annual and quarterly disclosures (“Information and Disclosure Statements”) as well as updates in order to maintain their assignment to the OTC Pink Current tier. Annual reports must be filed no later than 90 days after the end of each fiscal year and quarterly reports must be filed no later than 45 days after the end of each fiscal quarter.
Additionally, the issuer must file current information updates within 10 business days if
Departure of directors or principal officers; election of directors; appointment of principal officers
Rule 10b-5 is an anti-fraud provision of the 1934 Act, and as such it applies to all issuers, not only to fully reporting companies
The bottom line in the OTC Markets disclosure platform is that issuers would be wise to take the trouble to comply with the requirements of the Pink Current Information tier. If they and their attorneys fail to recognize and put into practice the transparency required to comply with 10b-5 and the OTC Markets disclosure requirements, the repercussions could be devastating to investors as well as the issuer, who could become the subject of SEC enforcement actions, SEC trading suspensions and DTC Chills and Global Locks of the company’s stock
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