(Total Views: 115)
Posted On: 07/24/2025 1:03:30 PM
Post# of 7512
Some longs are confused about uplist requirements. It's important to do proper DD instead of passing along that confusion (as fact) to others. If you don't know something, simply ask the question. No shame in that. We're all on the same team. This is not Lie-HUB where bashers and agitators are allowed to muddy up the waters.
OTCQB Uplist only requires ONE year's worth of audited financials (2024s), along with an application for OTCQB-uplist.
SEC Registration requires the Form 10. The Form 10 requires TWO year's worth of audits (2024s and 2023s), along with Management's narrative. The SEC has 60 days to review it, after which time, the company is SEC Registered. The pps needs to be over a penny for the 30 days before the Registrations day (that's a penny for the 30 days prior to the 60 day SEC review period).
Eric is clearly saying that the SEC Registration (which includes the 2023s) will NOT slow down the OTCQB uplist process (which only requires the 2024s). This means that IF the auditor can QUICKLY get the 2023s audited, then they can be filed at the same time as the 2024s....otherwise, he's proceeding with the UPLIST ONLY....then follow it up LATER with the 2023s and the F10 (SEC Registration)
Hope this helps...(read Eric's words (carefully) below)
We have also given the go-ahead for a SECOND year of full audits, to supplement our work on the 12-31-2024 year-end. This step is being done to preserve the option of filing a registration on (or about) the time that we also file the OTC Markets up-list. However, this action to engage the auditors to also complete a 12-31-2023 report does NOT impact or slow-down our OTC up-list project.
https://hannoverhousemovies.blogspot.com/2025...nd-as.html
OTCQB Uplist only requires ONE year's worth of audited financials (2024s), along with an application for OTCQB-uplist.
SEC Registration requires the Form 10. The Form 10 requires TWO year's worth of audits (2024s and 2023s), along with Management's narrative. The SEC has 60 days to review it, after which time, the company is SEC Registered. The pps needs to be over a penny for the 30 days before the Registrations day (that's a penny for the 30 days prior to the 60 day SEC review period).
Eric is clearly saying that the SEC Registration (which includes the 2023s) will NOT slow down the OTCQB uplist process (which only requires the 2024s). This means that IF the auditor can QUICKLY get the 2023s audited, then they can be filed at the same time as the 2024s....otherwise, he's proceeding with the UPLIST ONLY....then follow it up LATER with the 2023s and the F10 (SEC Registration)
Hope this helps...(read Eric's words (carefully) below)
We have also given the go-ahead for a SECOND year of full audits, to supplement our work on the 12-31-2024 year-end. This step is being done to preserve the option of filing a registration on (or about) the time that we also file the OTC Markets up-list. However, this action to engage the auditors to also complete a 12-31-2023 report does NOT impact or slow-down our OTC up-list project.
https://hannoverhousemovies.blogspot.com/2025...nd-as.html
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