To uplist to QB, a company has to pass a "bid test" of at least a penny for 30 calendar days prior to applying for the uplist. That and a $2,500 fee (along with following reporting guidelines) will get a company into the QB tier.
Based on a conversation with Phil earlier in the year, though, I think the company is shooting for at least an uplist to QX (mininum $0.10 bid test for 30 days).
What recent news did you see with regard to the company speaking to an uplist? I must have missed that.
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