Fastbase Inc board plans to file FORM10 for its subsidiary Trustfeed Corp (OTC:TRFE)

Rhea-AI Summary

Fastbase Inc (OTC:FBSE) has announced plans to file Form 10 with the SEC for its subsidiary Trustfeed Corp (OTC:TRFE), aiming to become a fully reporting company. This initiative will enhance transparency and attract a broader range of qualified investors. As a fully reporting entity, Trustfeed will begin submitting annual reports on Form 10-K, quarterly reports on Form 10-Q, and periodic reports on Form 8-K, providing comprehensive audited information on its operations. The filings are expected to facilitate informed investment decisions among current and potential investors, while Trustfeed will continue trading on OTC markets under the symbol "TRFE."

Positive

• Enhances transparency for investors by filing Form 10.
• Aims to attract a larger pool of qualified investors.
• Will provide detailed audited information through SEC reports.

Negative

• None.

NEW YORK, March 23, 2023 /PRNewswire/ -- Fastbase Inc (OTC:FBSE) announced today that the Company's Board of Directors has voted to file Form 10 with the Securities and Exchange Commission for its subsidiary Trustfeed Corp (OTC:TRFE) in order for the company to become fully reporting. 

This next step is fundamental to the Company's efforts to provide additional transparency to its shareholders and bring additional focus on the Company from a larger group of qualified investors and acquisition candidates.

Being fully reporting means the Company will be begin filing annual reports with the SEC on Form 10-K, quarterly reports on Form 10-Q, periodic reports on Form 8-K. The Form 10 filing provides investors with detailed and audited information about the Company's operations, including an overview of the business strategies, risk factors, and financial statements.

The ongoing obligation to timely file with the SEC will help the Company's new and current investors make more informed and educated investment decisions about the Company.

The Company's shares will continue to be traded on the OTC markets under the symbol "TRFE".

Trustfeed's majority shareholder is Fastbase (OTC:FBSE)

Email: rl@fastbase.com
Website: https://www.fastbase.com

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SOURCE Fastbase, Inc.

FAQ

What is Fastbase Inc's recent announcement regarding Trustfeed Corp?

Fastbase Inc announced it will file Form 10 with the SEC for Trustfeed Corp to become fully reporting.

How will filing Form 10 benefit Trustfeed Corp's investors?

Filing Form 10 will provide detailed audited information and enhance transparency, aiding informed investment decisions.

What types of reports will Trustfeed Corp file as a fully reporting company?

Trustfeed Corp will file annual reports on Form 10-K, quarterly reports on Form 10-Q, and periodic reports on Form 8-K.

Will Trustfeed Corp continue to be traded under the same symbol after becoming fully reporting?

Yes, Trustfeed Corp will continue trading on OTC markets under the symbol 'TRFE.'