FRMO Corp. Announces Its Elevation to “Current Information” Tier on OTC Pink® Marketplace
15 Octubre 2013 - 4:36PM
Business Wire
FRMO Corp. (the “Company” or “FRMO”) (OTC PINK:FRMO) announced
that on October 8, 2013 it began trading on the Current Information
tier of the OTC Pink® marketplace. This tier provides greater
transparency for investors via the OTC Pink Basic Disclosure
Statement that will be posted quarterly along with the Company’s
financial statements on the OTC Markets website.
The three tiers of the OTC Pink marketplace are: Current
Information, Limited Information, and No Information. To qualify
for trading on the Current Information tier, companies must provide
Annual Financial Statements prepared according to U.S. GAAP or IFRS
for a minimum of the last two fiscal years. They must also post a
completed OTC Pink® Basic Disclosure Statement that provides
detailed company information to the public, including security
details, issuance history, officers, directors, control persons,
and third party providers.
About FRMO Corp.
FRMO Corp. invests in and receives revenues based upon
consulting and advisory fee interests in the asset management
sector.
FRMO has 43,261,972 shares of common stock outstanding.
For more information, visit our Web site at
www.frmocorp.com.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995 – With the exception of historical
information, the matters discussed in this press release are
forward-looking statements that involve a number of risks and
uncertainties. Words like “believe,” “expect” and “anticipate” mean
that these are our best estimates as of this writing, but that
there can be no assurances that expected or anticipated results or
events will actually take place, so our actual future results could
differ significantly from those statements. Factors that could
cause or contribute to such differences include, but are not
limited to: our ability to maintain our competitive advantages, the
general economics of the financial industry, our ability to finance
growth, our ability to identify and close acquisitions on terms
favorable to the Company, and a sustainable market.
Further information on our risk factors is contained in our
quarterly and annual reports as filed on our website
www.frmocorp.com and on www.otcmarkets.com/stock/FRMO/filings.
FRMO Corp.Thérèse Byars, 646-495-7337Corporate
Secretarytbyars@frmocorp.comwww.frmocorp.com
FRMO (PK) (USOTC:FRMO)
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