I am sure that the plan the company seems to be operating under accounts for both the notes and meeting NASDAQ's listing criteria. The mistake being made is thinking the company's current issues with its PPS is the anchor that will prevent it. There are two types of ways to uplift, meeting all of the listing requirements head on, and the other, being valued, not by the market, but by a registered banker that subscribes a CMPO privately before listing. I would assume that process is just getting started while the company gets closer to closing more acquisitions as well as nearing that 1M float number.
The company's bankers will provide an enterprise valuation based on the consolidated financials of all of the acquisitions and set a "coming" out price at $XX.XX. I expect to see the beginning of that in the company's Q3. The biggest sign this will be happening is when the company files an S3 Registration which only takes a few days to be approved by the SEC. Tat means they have all of the money as was indicated under its banking agreements. I am sure this will be done simultaneously with the bankers with an uplist application based on what the bankers feel the new valuation is as well as where the new PPS will open on the national market.
And for those who don't fully understand, maybe this will help. How do you think a private company lists on a national exchange in an IPO when their stock has no current market for it to be valued? Their bankers set the price. When a company opens on a national exchange the bankers work with that exchange to determine the accuracy of the value the bankers are placing on a company. Most OTC companies are not in the position of GNID. They lack sophisticated bankers, their markets are weak, they have inexperienced management and just don't have the resources to acquire up. Once, after everything is done in accord with the bankers plans, including the valuations of all of the acquisitions rolled up into GNID, the bankers, not the traders, will set the new PPS. Not only is that the way its done, thats the way National exchanges want it. How do you think companies go from $0.00 per share to $10.00 per share overnight? Its based on valuations ascribed by those companies bankers and approved by the national exchange they apply to. So really, to go from .05 on a non-national market to lets say $7.00 via a CMPO opening on a national exchange with a whole new enterprise value, is no different.
So it helps to understand the mechanics instead of speculating, because if you understand the mechanics, you can see that the company is progressing there.
