One of the stocks to have made a big upward move on Thursday was that of Peer to Peer Network Inc (OTCMKTS:PTOP) which ended up delivering gains of as much as 17% for the day. That being said, it is important for investors to take a look into the announcement that was made by Peer to Peer Network yesterday.
PTOP Announces Engagement With a Crowd Funding Portal Group, and Plans To File a Form C with the SEC, for Reg. CF. Also Announces PTOP Will Be Pink Current Within Days.
The company announced on Thursday that its stock had fallen out of the Pink Current Status category of the OTP Markets. The company also confirmed that it had submitted the attorney letter with regards to its annual financial reports for the period ending September 30, 2022, back on February 8, 2022. OTC Markets had claimed the letter had been missing.
The authorities at the OTC Markets noted that once it is submitted the company’s stock was going to get upgraded to “Pink Current Status within 3-5 business days.
Assuming it has been done correctly.” The rally in the stock probably came about owing to the fact that the stock was going to be reinstated once the necessary document had been submitted by Peer to Peer Network. It could be a good move for investors to now consider keeping the stock in their watch lists.
