Zelos, did you read Snark's post? It answers your
Post# of 22454
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Posted On: 02/04/2021 4:07:21 PM
Zelos, did you read Snark's post? It answers your question. The point is that QMC will uplist by March 31st. Its in the agreement. The question is at what price?
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The Registration Rights Agreement, Exhibit 10-3, operationalizes their mutual independence by defining the terms by which Pasaca ownership in QMC is handled through the assignment of QMC shares. There was something curious about Section Three, Subsection k. It seems to obligate QMC to listing its shares on the NY Stock Exchange or NASDAQ Stock Market right out of the gate. Is there an implicit expectation of up-listing as a condition of the agreement? That would seem to imply the immediate explosion of revenue to QMC following upon this agreement.
"k) The Company shall use its best efforts to (i) cause the Initial Date to occur on or before March 31, 2021, (ii) cause the Common Stock to be listed on the New York Stock Exchange or on the NASDAQ Stock Market and to remain eligible for trading thereon, (iii) cause all the Registrable Securities covered by a Registration Statement to be listed on each securities exchange on which securities of the same class or series issued by the Company are listed,..."
Read More: https://investorshangout.com/post/view?id=604...z6lXSnnwUT
Quote-
The Registration Rights Agreement, Exhibit 10-3, operationalizes their mutual independence by defining the terms by which Pasaca ownership in QMC is handled through the assignment of QMC shares. There was something curious about Section Three, Subsection k. It seems to obligate QMC to listing its shares on the NY Stock Exchange or NASDAQ Stock Market right out of the gate. Is there an implicit expectation of up-listing as a condition of the agreement? That would seem to imply the immediate explosion of revenue to QMC following upon this agreement.
"k) The Company shall use its best efforts to (i) cause the Initial Date to occur on or before March 31, 2021, (ii) cause the Common Stock to be listed on the New York Stock Exchange or on the NASDAQ Stock Market and to remain eligible for trading thereon, (iii) cause all the Registrable Securities covered by a Registration Statement to be listed on each securities exchange on which securities of the same class or series issued by the Company are listed,..."
Read More: https://investorshangout.com/post/view?id=604...z6lXSnnwUT
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