Gifa Inc (GIFX)

[Themistocles_I]

If I had a nickel for every OTC company that expressed an interest in listing to a higher exchang

Yeah, and none of those so-called 'up and coming' companies took nearly as long to go through with the RM either, now did they?

Again...

SEC Moves Forward and Approves Tougher Listing Standards for Reverse Merger Companies

In November, the Securities and Exchange Commission approved new rules (the “New Reverse Merger Rules”) that make it more difficult for companies that have effected a “reverse merger” (also known as a “reverse takeover”) to go public and meet the required listing standards of the three major U.S. exchanges – the NYSE, NYSE Amex and NASDAQ.

The rule making follows many months (even years) of SEC analysis of reverse merger companies and warnings to investors regarding what the SEC considers significant risk in investing in these entities, including a June 2011 SEC Investor Bulletin about investing in companies that enter U.S. securities markets through reverse mergers.
https://www.hg.org/legal-articles/sec-moves-forward-and-approves-tougher-listing-standards-for-reverse-merger-companies-24160

LOL