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Friday, July 12, 2019 8:10:19 AM
It usually takes a year+ for a SHELL to uplist. A company with zero operations... while AMFE has 8 figure revenues, collects money in one country and reports in another, purchased a BK company in France, hundreds of thousands of transactions that needed to be reformatted with currency conversions, multiple subs, etc, etc.
Companies that are this big are usually already on a higher tier exchange when they reach this stage. It all makes sense if someone has experience in the market. POTN started the same time as us and completed their audit this week... The auditors get paid a flat fee and only give you a limited time per month because they make less with uplisting companies than they do their regular annual filers.
No one is being forced to own this stock. If the risk is too great, there are plenty of other penny tickers to choose from, but good luck finding any growing this fast, with zero dilution... which Is exactly why so many eyes are glued to it right now
There is more to a company than looking at one or two metrics. I’d rather own a pinky company in this position than a fully filing company achieving nothing. Audits don’t make people rich, growth does
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and validation.
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