ProBility Media Corp (OTCMKTS:PBYA) announced this morning that it is currently working on becoming current with regards to its filing requirements as per the rules of the OTC Markets Group and the Securities Exchange Act Rule 15c-211.
The announcement came as a major boost for the ProBility stock, which went up by 25%. ProBility announced that it is currently planning to file its Annual Disclosure Reports for the years ended 2020 and 2021 to the OTC Market Group.
In addition to that, the company is also going to submit its quarterly reports as and when they are due. It should be noted that the company’s fiscal year ends on May 31st. Once the pending reports have been filed, ProBility plans to submit all its reports as needed in order to remain current with regards to its obligations. It was in February 2019 that ProBility had last provided a report to its shareholders and hence, the latest announcement is a significant one.
Market Reaction
PBYA stock soared 28% to $0.0023 with more than 248.81 million shares traded hands, well above its average volume of 77.77 million shares.
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