Alternus Energy Inc. (fka ALTND)

[Juwels]

What Happens When Stock Moves From OTC to NASDAQ

Over the years, I've been asked a lot of questions. More than I can count. One question that keeps coming up is from traders who want to know what will happen to their OTCBB stock if it uplists to a major exchange like the Nasdaq.

Your brokerage firm (Scottrade, Etrade, etc.) or your post office will keep you informed of any special changes or actions you must take but usually, no action is needed on your part. Your shares will automatically convert into the new ticker symbol traded on the Nasdaq or major exchange.

Traders call this a jumper. Your shares will gain in value and they will automatically start trading on the NASDAQ.

If any change in the ticker symbol takes place, your brokerage firm (i.e. ETrade, Scottrade, etc.) will contact you via your trading console and/or by regular mail.

Artipot


EXAMPLE STOCK THAT JUMPED FROM OTC TO NASDAQ

Ambient stock to jump from OTC to Nasdaq

Rodney H. Brown
Ambient Corp., a Newton company that provides networking capabilities for smart grid applications, has won approval for its common stock to jump up from Over the Counter trading to the Nasdaq Capital Market.

While its ticker on the OTC was “ABTGD,” starting Wednesday, Aug. 3, the Nasdaq ticker for Ambient will be “AMBT.” For today, it will still trade on the OTC Bulletin Board under the temporary ticker of “ABTGD.OB.”

In January, Ambient raised $5 million from the conversion to securities of a “Holdback Account” established earlier by its majority stockholder, Vicis Capital LLC. The company said at the time it would use the funds to boost stockholder equity and strengthen its balance sheet going into 2011. Almost one year prior to that, Ambient reported it had landed a $9.9 million order for its smart grid communications nodes, which act as a bridge, router or gateway for communications on the electrical grid.

Ambient’s products are in use with North Carolina-based Duke Energy Corp. as part of a pilot test in Cincinnati. The device also has received network approval through Verizon Communications Inc., allowing Ambient’s technology to connect to the communications carrier’s EVDO network and bridging the gap between power networks and communications networks.

A COMPANY WITH CONTRACTS AND MONEY COMING IN! SAME WITH WDAS! NO PROBLEMS WITH WDAS JUMPING FROM OTC TO BIG BOARDS!