Monday, September 10, 2018 5:33:30 PM
So why wouldn't these investors be buying the crap out of FUSZ now seeing the the pps will be multiple times higher after this uplist? This doesn't make any sense at all, hence the conundrum I mentioned before.
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Another great question. I asked that as well.
I was told this is treated like an IPO. New entity. Not a straight OTC to Nasdaq uplist. They call those companies “jumpers”. Fusz is not a jumper. This is a merger acquisition to uplist. It’s in Nasdaq reports as an IPO. Just like the other standard IPOs your describing. All I can say is spoke at length to very knowledgeable and connected people around the IPO world. This is what I was told.
Another question I asked. Can an underwriter price it above previous market value. I was told absolutely. Especially in this case give the scenario of Fusz and its uplist.
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Another great question. I asked that as well.
I was told this is treated like an IPO. New entity. Not a straight OTC to Nasdaq uplist. They call those companies “jumpers”. Fusz is not a jumper. This is a merger acquisition to uplist. It’s in Nasdaq reports as an IPO. Just like the other standard IPOs your describing. All I can say is spoke at length to very knowledgeable and connected people around the IPO world. This is what I was told.
Another question I asked. Can an underwriter price it above previous market value. I was told absolutely. Especially in this case give the scenario of Fusz and its uplist.
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