These plans will continue in parallel so that the company can reach OTC:QB status and then become a fully reporting entity as soon as practicle.
The company feels that being fully reporting is in the best interest of the company its shareholders and directors. This would be a major milestone for the company.
Pennexx's goals have always been to provide its investors with the highest level of disclosure and reporting. They believe this level of transparency is what investors want, and what they deserve. The company states that it will work tirelessly to reach this goal.
Vincent Risalvato, CEO of Pennexx said, "Pennexx's Board of Directors wish to elevate the company's structure as much as its technology so that its shareholders have all of the benefits of the company being fully SEC reporting."
The company does instruct its shareholders to recognize that the process of becoming SEC reporting could take as long as a few months or more as it is possible that a comment process between the SEC and company could occur. This process is beneficial to the shareholders because it increase awareness and the transparency of the company.
Currently the company does not expect to increase its share structure or have any large dilutive events and the CEO indicates his continued desire to build a strong foundational and repeatable sales cycle with the company with a transition to growing through organic growth.
https://www.accesswire.com/671905/pennexx-has-retained-its-sec-attorney-to-begin-the-process-of-regaining-its-fully-sec-reporting-status