Baristas Coffee Company, Inc. (BCCI)

[BobSinCA]

You refer to the uplisting 'process,' BUT worth listing the uplisting requirements, so investors can assess the immediacy.

Foreshadowing: Not very.

Take a look at page 9 of the initial listing requirements document: https://listingcenter.nasdaq.com/assets/initialguide.pdf

The key problem is the stockholder equity line. The company's stockholder equity in its most recent financial report is 2.3M, and the requirement is $5M -- but the company has been losing significant money, so near term ability to uplist would imply an equity sale which would mean significant dilution, particularly as the company's recent equity sales -- for many fewer shares -- have been at below pps prices.

The price per share problem could be solved by a reverse split, and the company is hovering around the $15M market cap requirement. A turn to profitability would undoubtedly solve the market cap as price would go up.