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Re: GreenScarab post# 39487

Wednesday, 07/26/2017 12:46:14 PM

Wednesday, July 26, 2017 12:46:14 PM

Post# of 346662
This is from the PR!!! YES, Roger and Co. (me too) would LOVE for that to happen, and I do remember something like that...BUT, this makes more sense to me! The 90 day thing is the only req that isn't optional/immediate, correct?!


The effect of this would be an immediate up-listing from OTC Pink to the OTCQB tier. The up-listing to the OTCQB is an activity we have considered for some time. The current plans to up list Amfil initially to the OTCQB tier will provide the investment community with full transparency and allow the stock to be quoted and traded by a wider range of brokerages, particularly retail brokers, eliminating many of the challenges we endure as an OTC Pink Current company. We will have more to discuss about other aspects of this up-list registration in the coming weeks.

The OTCQB Venture Market is for entrepreneurial and development stage companies that are not yet able to qualify for OTCQX. OTCQB companies must be current in their reporting and must undergo an annual verification and management certification process. It is the company's intention, once the stock's bid price allows, to do a further up-list to the OTCQX tier. It is our view that the company meets all requirements to make the move, aside from the minimum initial bid price of $.25/share. The company is confident, as we continue to execute our business plan and increase revenues and profits, that the stock's bid price will increase as well, allowing us to eventually list under the OTCQX tier.



From here: https://www.otcmarkets.com/stock/AMFE/news/AMFIL-TECHNOLOGIES-INC--INTENDS-TO-REGAIN-SEC-FULLY-REPORTING-ISSUER-STATUS---WILL-SEEK-UPLISTING-TO-THE-OTCQB-WITH-AN-INITIAL-GOAL-FOR-THE-OTCQX?id=154608&b=y