Although the EVIO Inc (OTCMKTS:EVIO) stock was trading within a range on Tuesday, it should not be forgotten that the company did make a significant announcement yesterday.
Yesterday, the company announced that it has completed its subscription to the OTC Disclosure and News Service and is now looking to ensure that its common stock qualifies for the pink current status on the OTC Markets. Now that EVIO has got the subscription, the company revealed that it was going file its disclosure statements and also submit the unaudited financial results for the fiscal year that had ended on September 30, 2021.
The quarterly financial results after September 30, 2021 are also going to be submitted. However, that is not all. EVIO will also submit other necessary documents like its shareholder lists, OTC Market background check document and a letter from its attorney.
The possibility of getting pink current status is almost always seen as a positive by most investors and it is going to be interesting to see if this announcement from EVIO is going to be seen in a positive light by investors or not. At this point, investors could consider keeping the stock on their radars.