AURI Inc. Disclosure Failure, Two Notes, $103,516
Summary
The GTII Receivership Estate, through its court-appointed receiver Paul Strickland, formally notified OTC Markets that AURI Inc. (OTCMKTS: AURI) materially violated Pink Basic Disclosure Guidelines by failing to disclose two outstanding Convertible Promissory Notes totaling approximately $103,515.96. The notes, issued to MSC Capital Advisors LLC and assigned to the GTII Receivership Estate on April 8, 2026, contain variable conversion features with a 75% discount to market.
What changed
The receiver's memorandum identifies that AURI Inc. failed to disclose two Convertible Promissory Notes in its Annual Report and Management Certification despite clear requirements under the Pink Basic Disclosure Guidelines to disclose all outstanding convertible instruments including issuance date, principal amount, outstanding balance, maturity date, conversion terms, and current holder.
Affected parties include AURI Inc. as the issuer in violation, OTC Markets as the relevant marketplace for potential regulatory action, and investors who may be impacted by undisclosed convertible debt obligations. The receiver requests that OTC Markets investigate the compliance failure, require prompt amendment of disclosures, and consider regulatory action if the deficiency is not cured. No compliance deadlines, monetary penalties, or enforcement actions are imposed by this memorandum.
Archived snapshot
Apr 20, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
EX-99.2 6 ex99-2.htm EX-99.2
Exhibit
99.2
Paul
Strickland
Court-Appointed
Receiver
120
State Ave NE, Ste. 1014
Olympia,
WA 98501
Phone:
206-963-1094
MEMORANDUM
| To: | Issuer
Services |
| | OTC
Markets Group Inc. |
| | Email:
issuerservices@otcmarkets.com |
| From: | Paul
Strickland, Receiver |
| | GTII
Receivership Estate |
| | 120
State Ave NE, Suite 1014 |
| | Olympia,
WA 98501 |
| Date: | April
17, 2026 |
Subject: Formal Notification of AURI, Inc.’s Failure to Disclose Outstanding Convertible Promissory Notes in Violation of OTC Markets
Alternative Reporting Standard and Pink Basic Disclosure Guidelines
Dear
Issuer Services Team,
I
am writing in my capacity as Receiver for the GTII Receivership Estate to formally notify OTC Markets that AURI, Inc. (OTCMKTS: AURI)
is in material violation of its disclosure obligations under the OTC Markets Alternative Reporting Standard and the Pink Basic Disclosure
Guidelines.
Specifically,
AURI has failed to disclose the existence of two outstanding Convertible Promissory Notes (the “AURI Notes”) originally issued
to MSC Capital Advisors LLC and subsequently assigned to the GTII Receivership Estate on April 8, 2026. These notes are currently in
default. The AURI Notes consist of:
Note
1: Issued October 18, 2024 – Principal $100,000
Note
2: Issued March 25, 2025 – Principal $25,000
These
instruments contain variable conversion features with a 75% discount to market and have a current combined outstanding balance (principal
+ accrued interest) of approximately $103,515.96.
Despite
the clear requirements under the Pink Basic Disclosure Guidelines to disclose all outstanding convertible promissory notes, convertible
debentures, and similar instruments (including issuance date, principal amount, outstanding balance, maturity date, conversion terms,
and current holder), AURI has failed to include any reference to these notes in its most recent Annual Report or Management Certification.
This
omission constitutes a material failure to provide accurate and complete disclosure of the company’s capital structure and outstanding
convertible debt obligations.
We
respectfully request that OTC Markets:
Immediately
investigate AURI’s compliance with its disclosure obligations.Require
AURI to promptly amend and supplement its disclosures to include full details of the AURI Notes.Consider
appropriate regulatory action if AURI fails to cure this deficiency in a timely manner.
We
are prepared to provide copies of the original notes, the assignment agreement, and the Notice of Conversion dated April 8, 2026, upon
request.
Thank
you for your prompt attention to this matter. Please feel free to contact me directly if you require any additional information.
Sincerely,
Paul
Strickland
Receiver,
GTII Receivership Estate
120
State Ave NE, Suite 1014
Olympia,
WA 98501
Named provisions
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