Taking a look at the requirements to be fully repo
Post# of 6596
Taking a look at the requirements to be fully reporting, it seems like there isn't really much more additional "effort" for the company to do. Chad stated last year that they were in the process of auditing fins but a large hurdle was getting that attorney letter in order to become "current information".
With the Jan 3 change to OTC Markets' reporting standards, HLNT appears to have already been reporting within the standard and already had the auditing taking place. Maybe I'm off base, but that's how the rule change looks too me. As a friend of mine put it, it simply looks like OTC Markets lowered the bar and what HLNT has been doing all along is now above the bar.
Long story short, I do not think this status change means that there has been much *extra effort* to go "current information" and get rid of the Yield sign. HLNT was already reporting timely and submitting the information as required by OTC Markets, but was lacking the attorney letter. With the loosened requirements, what they've been doing all along is now within the level of acceptable reporting.
Here's a link that my view is based off of. If I'm missing something, I'd be happy for someone to explain how: http://securities-law-blog.com/2013/01/04/otc...ry-3-2013/