SunWorks Inc (SUNWQ)

[Grizzly22]

Moving up to the OTCQX is something I'm looking forward to.

I believe we meet all of the requirements currently, except these three:

Meet one of the following exemptions, consistent with the definition of a “Penny Stock” under Rule 3a51-1 under the Securities Exchange Act of 1934:

1. Have a bid price of $5 or more

2. Have net tangible assets of $2,000,000, if the issuer has been in continuous operation for at least three years, or $5,000,000, if the issuer has been in continuous operation for less than three years

3. Have average revenue of at least $6,000,000 for the last three years.


18 Million in revenue is what we would need to meet that requirement. we are at 8.5 Million. We need 9.5 million this quarter to be eligible. Im basing this on the fact that they didn't state "in each" of the last 3 years. Instead, they state "for" the last three years.

There has to be a few benefits in moving up. Probably decreased volatility and increased stability in price (though float has a lot to do with that). increased transparency and tighter regulations. Improved perception of stock/company. anything else I missed?

There are a lot of billion+ market cap stocks on the OTCQX. The largest companies are international. There are a few U.S companies on there with pretty big market caps. CSVI is the largest U.S company with a market cap of 572M and a PPS of 40 dollars.

I'm guessing the standards for international companies to join the big boards are pretty high. While the standards for domestic companies is much lower. So the domestic companies move up to the NASDAQ and NYSE as they grow.

http://www.otcmarkets.com/research/otcqx-company-list