Thermic Science Prepares to File the New Rule 15c2-11 Amendments Ahead of Schedule, the September 2021 Deadline for Required Financials & Filings Will Bring the Company Current and in Compliance With the OTC Market Reporting Changes
Thermic Science International Corporation (OTC PINK: ENDO) has successfully completed its financial compliance and reporting requirements ahead of the September 2021 deadline for New Rule 15c2-11 Amendments. The company emphasizes the support of its shareholders, highlighting a strong community backing. The SEC's amendments aim to enhance investor protection in the OTC market and will require timely disclosures from OTC-traded companies. Thermic Science is also progressing on its acquisition of Cannabis Science and its related operations, signaling its expansion into new technologies and markets.
- Completed financial compliance ahead of the September 2021 deadline.
- Strengthened shareholder support indicated by ongoing engagement.
- Progressing with the acquisition of Cannabis Science, which may enhance market presence.
- Uncertainty remains regarding the actual impact of the SEC's amendment on future operations.
- Potential risks associated with the integration of acquired businesses into existing operations.
NASHVILLE, TN / ACCESSWIRE / July 16, 2021 / Thermic Science International Corporation, formerly known as Omnicanna Health Solutions, Inc. aka ENDOCAN CORP. (WKN: A1W61J) (ISIN:US29271J1097) (OTC PINK:ENDO), is pleased to announce that the company has completed its required compliance financials and reporting records to bring the company current and filed ahead of schedule for the September 2021 deadline for the New Rule 15c2-11 Amendments changes.
All our Real Shareholders worldwide know exactly what we stand for everyone has been Outstanding Supporters of our Success, vocal, financial, whatever, it all counts, thousands of people, real people worldwide, Robert and I have been speaking to them almost non-stop for six months now! We have the real Power behind us! We would fail without our Successful Thermic Shareholder Team, solid as a rock, including You! Congrats Guys! Strong Work! Job well done!
It is clear, the Company has completed its required financials and reporting records to bring the company current and filed ahead of schedule for the September 2021 deadline for the New Rule 15c2-11 Amendments changes. Fortunately, we got the main financials work done early, the heavy lifting took a bit longer, but the good part is we are here now ready to file. We now are going over final legal protocols and we are good to go any day now, ahead of schedule.
We are not sure “what” any of the naysayers thought this was, but you can be rest assured we will remove all doubt very shortly, you will know exactly what Thermic Science (OTC PINK:ENDO) is and the positive, good natured Success we stand for, that is if you do not already know. To those who wish to count us out, early before any deadlines or exhausted options, I wish you the best, you can count till the cows come home, the Rules still will not change, and we (our Real Shareholders) will still Win. Success personified.
All the Best Guys! Stay safe and Stay Strong!
Thermic Science International Corporation.
President & CEO
Raymond C. Dabney
The SEC's recent amendments overhaul the Rule's existing framework, with the goal of enhancing investor protection and deterring deception in the OTC market through transparent and timely reporting. The amended Rule, which will be applicable in September 2021, will require OTC-traded companies to make current disclosure publicly available in order to have a publicly quoted market. The Rule also streamlines the pathway to the public market for companies meeting their disclosure requirements and allows OTC Markets Group to play a greater role in bringing companies on our markets.
What is Rule 15c2-11?
First adopted nearly fifty years ago in 1971, long before the existence of electronic trading, Rule 15c2-11 was originally designed to deter fraudulent quoting activity by broker-dealers in OTC securities by requiring brokers to obtain and review specified information about the issuer before initiating a quoted market.
Robert Kane, CFO stated, 'We support the SEC and their recent amendments. We have already been relentlessly working on our financials due to the recent merger with Cannabis Science and the share exchange. We expect to continue to be ahead of the game in all aspects of compliance going forward.'
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Cannabis Science Inc. Acquisition:
(formerly Cannabis Science)
Thermic Science International has begun updating the financials and accounting, reporting and filings to complete the process to complete the acquisition and share exchange transaction with CSi-EDP. The name change process has begun, company structure changes are underway, company management changes are underway, and the CSi-EDP shareholder first rights are underway.
Somewhat similar to the Cannabis Science structure before it went private, all Cannabis Science shareholders are on track to receive what Cannabis Science had been planning all along.
- All shareholder notices on track to send out in the second quarter of 2021.
- All shareholder certificates will be confirmed through the transfer agent.
- All proposed share changes will be reclassified under the following structure changes: Preferred Shares (Voting Shares)Common Shares (Current Trading Shares)Common Class A (Cannabis Science New Shares)
About Thermic Science International (TSi)
Thermic Science International Corporation (OTC PINK: ENDO) has recently acquired Cannabis Science Inc., (CSi-EDP), Thermic Coating Systems Ltd. (UK), and now, Litcoat Electroluminescent Paint Systems. The Company has voted to change its name to Thermic Science International. The firm is being coined the newest North American Entrepreneurial SPAC. Targeting the creation of a very strong corporate conglomerate SPAC themed CSi-EDP & ldquo; Bringing it All Together & just as laid-out in the Harvard Award winning Cannabis Science CSi-EDP, as presented for the past four years in a row at the Harvard GHC Summit. A conglomerate SPAC Group designed to bring affordable and free education, traditional and entrepreneurial job creation, and cannabinoid drug development internationally.
About Omnicanna Health Solutions, Inc.
Omnicanna Health Solutions, Inc. is currently developing new natural hemp-based products based on innovative formulations to utilize the unique and potent benefits of the hemp plant. Medicinal properties of hemp have been known and applied for thousands of years. With the aid of scientific research, Omnicanna Health Solutions is translating such knowledge into development of effective hemp formulation-based health and wellness solutions as well as cosmeceutical, nutraceutical, and food brands throughout the world. The Company's health and wellness, nutritional, and cosmetics lines will address personal needs and will evolve with the introduction of new formulations and products, advancing the Company within the expanding multibillion-dollar global market.
Forward-Looking Statements
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing words such as 'anticipate,' 'seek,' intend,' 'believe,' 'plan,' 'estimate,' 'expect,' 'project,' or similar phrases may be deemed 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based drugs and products. The Company does not undertake any duty, nor does it intend to update the results of these forward-looking statements.
Contact Information:
Thermic Coating Systems Ltd.
www.thermicpaint.com
Anthony Spring
tony@thermicpaint.com
Cannabis Science Inc.
www.cannabisscience.com
www.icannabinoid.com
http://edp.cannabisscience.com/
Raymond C. Dabney
President & CEO
raymond.dabney@cannabisscience.com
Omnicanna Health Solutions, Inc.
www.Omnicanna.com
www.ihemp.omnicanna.com
Robert Kane, CFO
(910) 515-2917
info@Omnicanna.com
robert.kane@omnicanna.com
SOURCE: Thermic Science International Corporation
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FAQ
What is the significance of the SEC's New Rule 15c2-11 Amendments for Thermic Science (ENDO)?
When did Thermic Science (ENDO) complete its financial compliance?
What acquisition is Thermic Science (ENDO) currently pursuing?
What challenges might Thermic Science (ENDO) face with the SEC amendments?
