Sir I'm not here to "Slander Anyone," I never made up the rules, OTCM, Maryland and Delaware changed them... 2025/2026.
Under the new 2026 Delaware rules (SB 95), the state no longer allows a "grace period" for the public appearance of the company. Here is what happens the moment the clock hits 12:01 AM on Monday morning:
State-Level Delinquency (Immediate) the DDC system is automated.
He files but can not use these, As of August 2025, Delaware law (DGCL § 502) explicitly forbids using a P.O. Box 116,"Virtual Office" or a "Registered Agent address" as the Principal Place of Business.
This is the not so good part:
If he lists a real address (like his home or a secret new office), he effectively hands the City of Baltimore a GPS coordinate for the $162,499.15 judgment collection.
In previous years, David or any company could coast for a year before the state "voided" the company. In 2026, the OTCID Basic rules changed the game:
OTC Markets now uses digital "scrapers" that check state databases. Once Delaware shows "Delinquent," the OTC ticker status can be downgraded automatically within days.
This is a brand new requirement for 2026. He must select a category that describes what Univec actually does.
He will likely have to select Code 21 (Pharmaceuticals/Drug Manufacturing).
By choosing Code 21, he is legally declaring that the company is an active drug business. However, if the company has no FDA licenses, no clinical staff, don't know what he can declare in this section.
The Bottom Line: He is boxed in by the calendar and the law. Monday morning at 9:00 AM, the "Status" box on the Delaware website will tell the whole story.
PL
Under the new 2026 Delaware rules (SB 95), the state no longer allows a "grace period" for the public appearance of the company. Here is what happens the moment the clock hits 12:01 AM on Monday morning:
State-Level Delinquency (Immediate) the DDC system is automated.
He files but can not use these, As of August 2025, Delaware law (DGCL § 502) explicitly forbids using a P.O. Box 116,"Virtual Office" or a "Registered Agent address" as the Principal Place of Business.
This is the not so good part:
If he lists a real address (like his home or a secret new office), he effectively hands the City of Baltimore a GPS coordinate for the $162,499.15 judgment collection.
In previous years, David or any company could coast for a year before the state "voided" the company. In 2026, the OTCID Basic rules changed the game:
OTC Markets now uses digital "scrapers" that check state databases. Once Delaware shows "Delinquent," the OTC ticker status can be downgraded automatically within days.
This is a brand new requirement for 2026. He must select a category that describes what Univec actually does.
He will likely have to select Code 21 (Pharmaceuticals/Drug Manufacturing).
By choosing Code 21, he is legally declaring that the company is an active drug business. However, if the company has no FDA licenses, no clinical staff, don't know what he can declare in this section.
The Bottom Line: He is boxed in by the calendar and the law. Monday morning at 9:00 AM, the "Status" box on the Delaware website will tell the whole story.
PL
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