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Thursday, April 18, 2019 7:48:19 PM
The fifth letter D indicates a stock split usually a reverse split and stays on a symbol for around 20 trading days.
"Companies trading on the NYSE typically have three or fewer letters representing their stock symbols. Nasdaq firms generally have four- or five-letter symbols, e.g. Adobe Systems (ADBE), Apple, Inc. (AAPL), Alphabet Inc. (GOOG or GOOGL) and Groupon Inc. (GRPN). Some companies that trade on the Nasdaq with fewer than four letters include Facebook (FB) and Moneygram International (MGI). However, companies moving from the NYSE to Nasdaq can retain their stock symbols."
https://www.investopedia.com/terms/s/stocksymbol.asp
OTCQB
Eligibility Requirements
U.S. companies must have audited annual financials by a PCAOB auditor. (Tier 2 Regulation A Companies are exempt from requirement to use a PCAOB auditor for their initial audit)
Meet minimum bid price test of $0.01
Not be in bankruptcy
Have at least 50 Beneficial Shareholders, each owning at least 100 shares
Have a freely traded Public Float of at least 10% of the total issued and outstanding of that security.
Companies with a freely traded Public Float of at least 5% (and $2 million in market value of public float), or a separate class of securities traded on a national exchange may apply for an exemption (see OTCQB Standards)
Have a transfer agent that participates in the Transfer Agent Verified Share Program
(US Companies only)
Looks like we are good on meeting the the requirements for uplisting.
We are most likely waiting on FINRA to finalize and approve things along with the institutional investors and accountants.
20 days from the ticker change would be April 26th which is next Friday, however things could move sooner.
Good luck to all and God Bless
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