Good question, I posted this on another site:
Guys, TALK mentioned uplisting. Do we think they are TALKing about OTCQX which has a pps ongoing of .10 and initial of .25???????
Eligibility Standards
Meet initial and ongoing financial standards for OTCQX U.S. or OTCQX U.S. Premier (see table below)
Meet one of the exemptions, consistent with the definition of a “Penny Stock” under Rule 3a51-1 (see table below)
Not be a Shell Company or Blank-Check Company
Not be subject to any Bankruptcy or reorganization proceedings
Be duly organized, validly existing and in good standing under the laws of each jurisdiction in which the Company is organized or does business
Audited financial statements as of the end of each of the two most recent fiscal years with each such financial disclosure made in accordance with U.S. GAAP, audited by an auditor registered with the Public Company Accounting Oversight Board (PCAOB) and unaudited interim financial reports, prepared in accordance with U.S. GAAP
Be included in a Recognized Securities Manual that qualifies for Blue Sky Manual Exemption in several U.S. states such as Mergent or Standard & Poor’s Manuals (only non-SEC Reporting companies)
Initial and Ongoing Financial Standards
OTCQX U.S.
Minimum Bid Price Initial: $0.25
Ongoing: $0.10
Penny Stock Rule Meet one of the following three exemptions
Net Tangible Assets $5 million: < than 3 Years Operations
$2 million: 3+ Years Operations
Revenue $6 million average for last 3 years
Bid $5
And one of the following
Net Tangible Assets: $1 million
Revenue: $2 million
Net Income: $500,000
Total Assets: $5 million
