Here is another post on RB (msg #31512) by someone saying they got an e-mail response from Kore. I hope someone here can verify the information. Thanks.
We greatly apologize for the delay that we have been facing in the past few weeks. We are resolving all matters so that when we do announce the merger and the exchange move news, there will be no further delays.
At the moment, we have applied for the cusip change and are waiting for the approval from the necessary regulatory bodies. The first move towards moving to a higher exchange would be to become a fully reporting pink which will be completed through the virtue of the latest financial. Then we can apply to trade in the OTCBB. After the merger has been announced, the financials put out and the ticker symbol changed we will have to take actions depending on how the market reacts to move to the NASDAQ. The requirements for this are to maintain a $1-$1.5 or higher value for a period of 6 months before we can apply for the NASDAQ. Since the current value of the stock may not represent the desired price value we will have to wait and see how the new news affects the market. However neither Consultech nor the Sulja have any intentions to linger in the penny level for too long. The move upward will be quick once all the necessary approvals have been granted.
As of now, we do not have the privilege of giving you exact information on where we stand, but what we have mentioned in the PR regarding the move to a higher exchange is top on our list. We will be making all our developments public as soon as we permission from the regulatory bodies and the Board of Directors.
If you have more questions please email us at info@koreintl.com, we will try our best to answer your questions.
Best regards
KORE International
On Behalf of LFWK/Sulja
