The Uplisting Question
There are a few sides to this. One is, can they uplist now? I believe they are financially strong enough to do so, but I don't know how many quarters or even annual audits would have to go by to prove results to the prospective exchange. But I suspect that their year-end audit would have been enough to get them there. So maybe, yes, they can uplist.
Does the PIOE-side want to uplist? Maybe not. They may not be near to wanting to sell their position, so the listing may not matter at all now. They would probably not de-list, though, for the sake of the old ACPW retail investors and other new small investors.
Does the RCP-side want to uplist? Not at all. They don't even want to acknowledge that they are traded. You have to go to P10's website for that. RCP says they are owned by their managers.
RCP is PIOE in a strong sense, so RCP may be actually "controlling" the share price to just steer it slowly upward until they are ready to make a change. It takes less money to have the price where they are comfortable when there aren't tons of speculators pushing and pulling all day. (I don't know to what level this would skirt legality, but I remember the case where the broker that brought Facebook to market chose to buy tons of shares early to support the initial price when it looked like it would crash. They didn't seem to be hiding their intentions.)
So there may not be many reasons to uplist unless the PIOE-side would get into a mode to put their holding at risk in a search for a higher share price among investors who would be large enough to let them exit (maybe partially) with a great profit.
Always be on guard for misleading, deceptive or erroneous messages. I am not an investment professional. My messages are my opinion only, and are subject to change when contrary information is later relied upon. Always do your own research.
