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Posted On: 02/21/2020 2:12:27 PM
Post# of 145908
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Re: SouthernGold #18942
I too am excited about uplisting. That being said, it will be quite some time before that occurs. We should hit the $2 requirement very soon. However, the SE requirement + 12-18months of cash burn could take substantially longer. We would need to dig-out of our negative SE hole first + the 12-18months. That is a big financing nut to crack. If CYDY continues with the micro-raises, then we won't be able to uplist this year. Hopefully, we will get a couple $50M licensing deals done. I haven't run the numbers lately, but I would guess that we need at least $75M raised in order to be able to uplist.
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