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SEC Sanctions Public Companies for Disclosure Reporting Failure

Thursday, May 6, 2021 On Thursday, April 29, 2021, the U.S. Securities and Exchange Commission (“SEC”) charged eight public companies for failing to disclose (in requests for permission to file periodic disclosure reports including financials late) that the delays were caused by anticipated restatement or correction of previously filed financial statements. In each case, the company had filed a Form NT (technically a “Form 12b-25 Notification of Late Filing”) as permitted by Rule 12b-25 adopted under the Securities Exchange Act of 1934, as amended. None of the eight companies had made full disclosures of their financials to the SEC as required by the Form. Of particular interest is that the SEC used data analytics to identify the eight “miscreants.” As the Acting Director of the SEC’s Division of Enforcement said, “we will continue to use data analytics to uncover difficult to detect disclosure violations.”

SEC Charges Eight Companies For Failure To Disclose Complete Information On Form NT

SEC Charges Eight Companies For Failure To Disclose Complete Information On Form NT Date 29/04/2021 The Securities and Exchange Commission today charged eight companies for failing to disclose in SEC Form 12b-25 filings that their request for seeking a delayed quarterly or annual reporting filing was caused by an anticipated restatement or correction of prior financial reporting. The violations were uncovered by an initiative focused on Form 12b-25 filings by companies that quickly thereafter announced financial restatements or corrections. Each of the companies was a public reporting company at the time of the violations and agreed to settle the Commission s charges and pay civil penalties.

Trutankless, Inc Announces Completion of New Research and Development Facility

Share this article Share this article PHOENIX, March 4, 2021 /PRNewswire/ Trutankless, Inc. (OTCQB: TKLS) manufactures an award-winning line of smart electric tankless water heaters. Trutankless announces it has completed the buildout of a new production laboratory and R&D facility. The newly renovated space located in Scottsdale is complete with state of the art research and testing systems for the development of new products. Trutankless has hired a prominent patent law firm and has filed the first of a series of planned patents.  Our new R&D facility allows us to accelerate product development and explore new markets that will add to our growing portfolio of leading products for the home service and construction industries stated Michael Stebbins, President and CEO, of Trutankless, Inc. As a technology company, patents are a key part of the value development of the business. Expanding our intellectual property portfolio provides us with further support and tools to ensure

Trutankless, Inc Announces Completion of New Research and Development Facility

Trutankless, Inc Announces Completion of New Research and Development Facility
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Trutankless, Inc Announces North American Production

Share this article Share this article PHOENIX, Feb. 4, 2021 /PRNewswire/  Trutankless, Inc. (OTCQB: TKLS) manufactures an award-winning line of smart electric tankless water heaters. Trutankless has partnered with Cypress Industries based in Austin, Texas to launch production in North America. We expect to see a tremendous improvement in our operating efficiencies along with increased manufacturing capabilities which we expect will yield benefits, especially as we prepare to launch additional products stated Michael Stebbins, President and CEO, of Trutankless, Inc.  We now have a complete team with the vertically integrated capabilities of Cypress Industries in North America. We are confident that the unique products offered by Trutankless are the future and we re excited to be a part of the plans for growth, stated Tom Lonsdale, CEO of Cypress Industries. Our teams spent much of 2020 getting aligned and improving product design for high volume manufacturing.

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