Virginia Beach, VA- November 24, 2015-ELEMENT GLOBAL, INC. (OTC.ELGL) delayed its financial reporting results beyond the allowable time frame, causing the Company to receive a “YIELD” sign on its symbol at the OTCMARKETS.COM trading platform.
Due to the complexities and requirements with the ongoing audited statements, the Company decided it would be best to provide its financial statements within a pending registration statement to be filed with the US SEC EDGAR FILING DIVISION.
Once filed, the Company waits on US SEC approval to become fully reporting under the 1934 Act. This pending FORM 10 will contain information about operational fundamentals, stock structure, financial instruments, managerial backgrounds and two-years of audited financial statements.
Upon receipt of the audited statements, they will be filed with OTCMARKETS.COM at that time, while the Company awaits US SEC approval on its registration statement. These financials submitted to OTCMARKETS.COM in the near future should remove the “YIELD” and place the Company back under “CURRENT” status.
Once the Company is approved as a US SEC fully reporting entity, management will request up-lifting the Company’s stock to OTCQB, with an immediate uplift shortly after to that of OTCQX.
Its management’s intent to show the required financial strength, as well as, higher stock prices that should enable ELGL to qualify and uplift to a national exchange at a time warranted in the future.
For further information about this release, contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, at 757-306-6090 and/or email@example.com.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.