As the trading week continues, it might be a good time for investors to look into those companies this morning that had been in focus on Monday. Jetblack Corp (OTC:JTBK) was in sharp focus yesterday following a key new announcement, and it may be a good idea to take a closer look.
New Strategies
The company noted that owing to some of the recent changes that had been announced by the OTC Markets, it had come to a bit of a crossroads with regards to its accounting practices. The OTC Markets recently announced new requirements for companies like Jetblack Corp, and that has led to the need for a complete review of the unaudited strategies. The recent updates had been made with regard to the reporting of financials in order to promote transparency, and companies would need to abide by the new rules in order to continue to be listed on the OTC Markets.
Further Information
In the news release, Jetblack Corp noted that due to the possibility of having greater credibility in the markets and having the opportunity of being uplisted to higher tiers, it was looking into the possibility of hiring PCAOB-registered auditors to help with the transition.
