Talk of JBI "uplisting" is even more laughable tod
Post# of 43064
JBII just got the Royal Boot off the OTCQB for not being able to meet their pitifully meager requirements, down to the bottom-rung of dung-heap called OTC-PINK. There's nowhere further down to go other than getting suspended into the zombie greysheets, or being revoked.
So much excitement about "uplisting" for a broke penny stock that's going in the exact opposite direction.
Anyone with a functioning brain can read the requirements for being listed on the NYSE MKT (formerly known as AMEX), and see that JBI doesn't come within lightyears of qualifying:
http://www.amex.com/equities/howToLst/Eq_HTL_...dards.html
Note the "qualitative standards" as well: " In evaluating listing eligibility, the Exchange also considers qualitative factors such as the nature of a company's business, market for its products, reputation of its management, historical record and pattern of growth, financial integrity, demonstrated earnings power, and future outlook. "
Good luck with a company that has been sued for securities and accounting FRAUD by the SEC, with a founder who has been nailed twice by two different regulatory agencies in two different countries, and banned-fined-reprimanded by both. A company that can't file their legally required SEC filings in a timely matter, who doesn't inform their shareholders when they've been sitting idle for half the year.