Agree with some things in here.
I generally feel that "overvalued" and "undervalued" are over-utilized. The market at large is incredibly well incentivized to value things appropriately based on available information (and of course, it is mandated that all material information be quickly made public). There is an unbelievable amount of sophistication and competition out there to find items that truly present a value arbitrage opportunity, which is literally what is meant by "undervalued", which is a different concept than betting on increasingly better future public information, performance and market acceptance.
The truth is it is very hard to say, when a company grows to become hugely valuable over time, how much the appreciation relates to it being "undervalued" at a prior time or how much it relates to the market sensibly valuing increasingly positive information over time. To me its much more the latter than the former. For example, was Netflix undervalued when it was mailing dvd's since it would one day be an aggregator and producer of a huge amount of valuable streaming content or was it valued more or less appropriately by a very motivated market at various stages along the way?
Either way, my opinion, management dwelling much on the market's "poor" valuation of its company is an extremely unflattering look. Its like a singer upset that more people don't like his/her songs and that he/she is not as wealthy or famous as he/she desires. Its trying to put an individual face (to tell them they are wrong) on something that is not an individual at all. If you want your songs to be better accepted, write and perform better music. If you want to get a higher valuation, present a better story with better evidence. Maybe that will happen here. I hope so as I hope everyone here makes a lot of money.
There is no theoretical basis I am aware of that there exists a large arbitrage opportunity going from OTC to Nasdaq based on that alone. If that were true there would be a legion of investors scouring for such opportunities and announcements to uplist would be accompanied by price appreciation (to the extent it was believed that uplisting would occur). Appreciation could always coincide with such a move, based on more and better public information concurrent with or post uplist.
