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Peer To Peer Network Announces Pink Current Status, Submission of Fiscal Year End Financial Reports, & Gives Slight Glimpse of Future Goals to Come
Peer To Peer Network Announces Pink Current Status, Submission of Fiscal Year End Financial Reports, & Gives Slight Glimpse of Future Goals to Come.
About this update from Peer To Peer Network
[{"type":"text","content":"\n Cambridge, MA, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Peer To Peer Network a.k.a MobiCard Inc. (OTC Pink: PTOP) is proud to announce it has obtained the coveted “Pink Current Status” from the OTC Markets and has also submitted fiscal year-end 9-30-2021 financial reports & disclosure documents to the OTC Markets for review. Those reports can be viewed at www.otcmarkets.com under PTOP’s disclosures tab. The SEC’s Amendments to Rule 15c2-11 had specific changes that impacted companies and their market designations as the rule went into effect on September 28, 2021. The OTC Markets Group focused on September 28th, but this rule is going to exist in perpetuity after that. So, there will always be this continued information requirement under the rule. That was the purpose, from the SEC standpoint, of passing the rule. If a company goes delinquent, and no longer has current information at any point after September 28th, they would lose their public quote and go either to the Expert market, or otherwise trade without access to that public market. PTOP has submitted the proper financial reports for 9-30-2021 as required for PTOP’s fiscal year-end, to further comply with these new ongoing rules. “Shareholders can count on me as CEO to file the proper disclosure documents on time and obtain & submit the proper financial reports along with them. Although there are no guarantees in the markets, I promise shareholders that as long as I am CEO, I will do my best to always keep us up to date, and in compliance with the new SEC 15c2-11 amendment. I also promised shareholders that I would go above and beyond just complying with the new 15c2-11 rule and obtain the more prestige level of “Pink Current Status”. Today I can proudly announce that I have honored that promise. I will make a new pledge to shareholders today that I will do everything in my power so that PTOP will keep & hold its newly achieved “Pink Current Status”. This new designation of “Pink Current Status” is a big accomplishment for the company and I do not intend to ever go back to the lower “Pink Limited Status”, or ever go delinquent in our financial filings like previous CEO’s I was commissioned to replace.  I will continue to propel the company higher, and push PTOP in a con...