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“We fell out of compliance for Pink Current only because the attorney letter had not been submitted after we submitted our fiscal year-end financial reports. When I found out, I notified our attorney and he promptly sent in the attorney letter to cover the financial periods for the annual report required. It took OTC markets 3-5 business days from the time they received the attorney letter to put us back to “Pink Current Status”. I assume this will open the gates back up to new investors who otherwise would not be able to buy the stock,” commented Chairman & CEO
“I remain steadfast in adhering to the proper reporting requirements. We paid the accountants for our Q1 financials and should have them completed and posted to OTC Markets by the end of February. I also remain committed in wiping off debt from the balance sheet,” elaborated CEO Sodaitis.
OTC Markets revised their
According to the OTC Markets Group website: “
Pink Current goes above that. In order to meet those guidelines, you’re going to need to have specific financial information — more than the
Companies that trade on our Market are subject to the Blue Sky laws in the 50 states and four territories. That also is impacted depending on whether or not you are Current or Limited. As an example, for companies that come in Current that are making their information available to us, you would gain a state like
This Pink Current Status for PTOP means that entire new states like
If you are curious to see the balance sheet, financial disclosure documents, or other financial reports we encourage you to view them on the OTC Markets group website.
“Next week I will be putting out some more exciting news as I strive diligently to knock down the strategic objectives I laid out in the Annual Letter To Shareholders. I believe this will finally be PTOP’s year. Together with the help of shareholders we can make our strategic goals a reality. I would say this is the BEST time to become a shareholder of PTOP,” concluded Chairman & CEO
Contact Info:
45 Prospect Street
Phone: 1-617-481-1971
Email:info@freemobicard.com
ABOUT:
Safe Harbor Statement:
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company invokes the protections of the Private Securities Litigation Reform Act of 1995. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategies, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our filings at www.sec.gov. The company is no longer a fully reporting
Contact Details
+1 617-651-2460
info@freemobicard.com
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Copyright (c) 2023 TheNewswire - All rights reserved., source