Tuesday, July 25, 2017 11:50:33 PM
My main point is that NASDAQ is the ultimate goal of our company. By the statement of the company to Floridany saying they aren't concerned with the OTC price performance tells me they aren't looking at the OTC reverse merger as the IPO but as a stepping stone to the real IPO aka NASDAQ listing.
An IPO is a a company's initial stock offering to the public however, it is commonly used in reference to companies listing to a major exchange like NASDAQ.
http://www.nasdaq.com/investing/glossary/i/initial-public-offering
Initial public offering (IPO)
Definition:
A company's first sale of stock to the public.
Here is a good explanation of how an IPO works. The firm commitment or bought deal is basically an IPO and can be done on an OTC stock that has a reverse merger to bypass the one year waiting period on the OTC. That is what I posted previously on the New Reverse Merger rules.
http://www.cnbc.com/id/47099278
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