Correct, Dalton won't do an IPO because he has str
Post# of 86394
(Total Views: 381)
Posted On: 03/01/2025 1:54:24 AM
Correct, Dalton won't do an IPO because he has strongly indicated that he will simply merge his private companies into Univec. IF he did an IPO, Univec becomes totally worthless for ever but he keeps telling us to buy Univec, so I am confident Dalton will merge. Merging is also a much more cost effective way to go public.
Univec can't list on the NMSE as a penny stock, Univec does not meet the financial qualifications, until after the merger. Exchanges have much higher standards than the OTC Markets, that is why mutual funds can buy any stock that trades an an "exchange", even a $2 Nasdaq tier 1 stock but they can't buy OTC stocks under $5 as that is the cut off for a "penny stock" under SEC rules.
IMO, I think Dalton has the connections at both the Nasdaq and the DE to get them to look at his private companies and approve an up list UPON the merger. Remember "exchanges" look at private companies before they go public, the only difference is trusting Dalton to follow thru with the merger but with his connections that will not an issue in my opinion.
Univec can't list on the NMSE as a penny stock, Univec does not meet the financial qualifications, until after the merger. Exchanges have much higher standards than the OTC Markets, that is why mutual funds can buy any stock that trades an an "exchange", even a $2 Nasdaq tier 1 stock but they can't buy OTC stocks under $5 as that is the cut off for a "penny stock" under SEC rules.
IMO, I think Dalton has the connections at both the Nasdaq and the DE to get them to look at his private companies and approve an up list UPON the merger. Remember "exchanges" look at private companies before they go public, the only difference is trusting Dalton to follow thru with the merger but with his connections that will not an issue in my opinion.
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