Was reading this about uplisting. "The progression would be (theoretically):
Pink - OTC BB - OTC QX - AMEX - Nasdaq BB - Nasdaq - NYSE"
With that said I also read an article that said this. "While it is possible for an OTCBB stock to uplist to a big board such as the NYSE or Nasdaq, it is a very rare occurrence. The reality is that few penny stocks actually succeed to the point that they meet the requirements of a listing on a big board. Stocks that are able to uplist, are showing real promise to be considered as a good investment. An uplisting is a sign of continued growth and success. Once again, however, beware of companies that promise an uplisting and then never seem to deliver. It is often only a ploy to create buying which the company can sell shares into. No deadlines, missed deadlines, and scarce information on the companies financial performance are all red flags when a company is promising an imminent uplisting. Uplistings take a substantial amount of time and money due to the required audits, paperwork, and legal issues. If the company has never issued any reports of their performance, chances are that they either have a long way to go to become uplisted, or have no business being uplisted in the first place."
And so... I was dwelling on this... I know that from the past and even now that when taking about a possible uplisting, Steve and the company haven't been selling shares and diluting... I also know he seems to get the filings in on time, granted he may have to ask for an extension... But no biggie. And Steve has been very transparent... So the red flags aren't going off in my head... What is going off in my head is that it takes money and there are audits, paperwork, and legal issues a company has to deal with when uplisting... I stated a while back that I thought Steve will announce filing for uplisting at the shareholders meeting... I still think that to be true. This whole delay with the auditors is more than likely a good thing. Obviously if he is going to apply for uplisting and they know that then they are goin to be verifying the books and checking them twice to make sure things are in order. Of course I could completely be wrong... But this all looks good to me. Otcqx then on to Amex, Nasdaq, Nasdaq BB, and then NYSE. Looks very promising here.
Pink - OTC BB - OTC QX - AMEX - Nasdaq BB - Nasdaq - NYSE"
With that said I also read an article that said this. "While it is possible for an OTCBB stock to uplist to a big board such as the NYSE or Nasdaq, it is a very rare occurrence. The reality is that few penny stocks actually succeed to the point that they meet the requirements of a listing on a big board. Stocks that are able to uplist, are showing real promise to be considered as a good investment. An uplisting is a sign of continued growth and success. Once again, however, beware of companies that promise an uplisting and then never seem to deliver. It is often only a ploy to create buying which the company can sell shares into. No deadlines, missed deadlines, and scarce information on the companies financial performance are all red flags when a company is promising an imminent uplisting. Uplistings take a substantial amount of time and money due to the required audits, paperwork, and legal issues. If the company has never issued any reports of their performance, chances are that they either have a long way to go to become uplisted, or have no business being uplisted in the first place."
And so... I was dwelling on this... I know that from the past and even now that when taking about a possible uplisting, Steve and the company haven't been selling shares and diluting... I also know he seems to get the filings in on time, granted he may have to ask for an extension... But no biggie. And Steve has been very transparent... So the red flags aren't going off in my head... What is going off in my head is that it takes money and there are audits, paperwork, and legal issues a company has to deal with when uplisting... I stated a while back that I thought Steve will announce filing for uplisting at the shareholders meeting... I still think that to be true. This whole delay with the auditors is more than likely a good thing. Obviously if he is going to apply for uplisting and they know that then they are goin to be verifying the books and checking them twice to make sure things are in order. Of course I could completely be wrong... But this all looks good to me. Otcqx then on to Amex, Nasdaq, Nasdaq BB, and then NYSE. Looks very promising here.
