I just found that S-1 definition yesterday, so I'm
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Posted On: 08/11/2021 8:17:45 AM
I just found that S-1 definition yesterday, so I'm not familiar with the particulars, but if there is a choice to IPO to a national exchange rather than go back to the OTC and then have to uplist, it's a no-brainer to me.
If the share count rises to between 1.5B to 2B shares, I would favor an RS to get the share count down to increase potential share price to the dollar amount that better exchanges require. In order to IPO, the company valuation has to justify the stock price and that means proof of revenue and prospects for future business. We don't know what QMC has earned to date but all indications are the intention is to uplist or maybe IPO, and no RS without revenue will accomplish that goal.
Yes, your number if shares will be reduced but what shares remain will be dollar bills instead of pennies and on a better exchange. No more MMs.
If the share count rises to between 1.5B to 2B shares, I would favor an RS to get the share count down to increase potential share price to the dollar amount that better exchanges require. In order to IPO, the company valuation has to justify the stock price and that means proof of revenue and prospects for future business. We don't know what QMC has earned to date but all indications are the intention is to uplist or maybe IPO, and no RS without revenue will accomplish that goal.
Yes, your number if shares will be reduced but what shares remain will be dollar bills instead of pennies and on a better exchange. No more MMs.
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