RDY2ROCK
3 days ago
You do NOT need it removed if uplisting on a different exchange like NYSE and JSE. This is what I've been praying Dr. J does and holds OTCM accountable for their unwarranted CE label! Why else keep increasing TXTM valuation? And that's a very very conservative $1 per seed valuation -- worth 15 - 20x that! IMSO -- he's increasing valuation for a very good reason!
If going to uplist to another OTCM tier QB or QX, then yes it does need to be removed. OTCM can go pound sand bunch of crooks! They know their CE label with U.S. brokers will not allow TXTM shares to be purchased! The friggin CE label keeps the pps in the subs under a penny and couldn't uplist to their next tier QB! How the OTCM can still get away with this CE label is BS and have provided NO exact proof the "COMPANY" did anything wrong and said was a 3rd Party. What kind of BS is that -- the Company can NOT control what outside entities do!
https://www.otcmarkets.com/learn/caveat-emptor
Promotion — The security is the subject of stock promotion that may be misleading or manipulative. Promotional activities may include news releases, spam email, and newsletters, whether they are published by the issuer or a third party.
The "Company" meets PC qualification and current; The "Company" Profile info is good; The ONLY public interest concern is with the friggin OTCM Crooks!
When Does Caveat Emptor Get Removed?
OTC Markets Group may review a Caveat Emptor designation upon request by the company and may determine, in its sole discretion, to remove the designation. The Caveat Emptor designation is typically not removed within the first 30 days of designation. To be eligible for a review, a company must meet the qualifications for Pink Current Information, have a verified the information on its company profile on www.otcmarkets.com, and demonstrate to OTC Markets Group that there is no longer a public interest concern.
parabolic2020
6 days ago
Looks like the "error" indeed persists.
It seems OTCM could be implying there may be an issue with the auditor or it's qualifications, which directly contradicts the fact that this same auditor is used by SEC-reporting NYSE companies.
This would put OTCM in direct conflict with the SEC, as the auditor is clearly approved for top-tier filings. The company's annual audit was reviewed and approved, as shown by the presence on the OTC and financial page. If they’re now questioning the auditor’s qualifications, despite this track record, it could raise issues with SEC standards which prohibits misleading disclosures.
If this is the case the OTCM is failing to provide accurate and transparent reporting, potentially harming the company and its shareholders yet again. Given the auditor’s established credentials, OTCM has some serious explaining to do.
Either way by their own adaptation of no disclosure to the public they are contributing to the confusion in the maket by not providing clear and concise information.
Let’s hope this isn’t another case of the on-again, off-again errors that have been reported with multiple companies, where disclosures on company profiles are repeatedly mishandled. It has been several days since this happened and is now approaching gross negligence imo.
GLTU