GRN Holding Corp (GRNF)

[trademax42]

hello dinogreeves....like the sound of Nasdaq my friend. You probably are aware of the seasoning rules adopted by multiple exchanges including Nasdaq in a reverse merger case. Here is a relevant paras on this topic as they relate to the reverse merger:

"The seasoning rules prohibit a company that has completed a reverse merger with a public shell from applying to list until the combined entity had traded in the U.S. over-the-counter market, on another national securities exchange, or on a regulated foreign exchange, for at least one year following the filing of all required information about the reverse merger transaction, including audited financial statements. The rules require that the new reverse merger company has filed all of its required reports for the one-year period, including at least one annual report on Form 10-K."

"The SEC request came as a result of a slew of reverse mergers from China where the representations related to the financial condition of the foreign companies turned out to be fraudulent."

Here is the interesting part. The rule includes an exception, read here:

"The rule includes an exception for companies that complete a firm commitment underwritten offering resulting in net proceeds to the company of at least $40 million."

Wow!! A $40 million underwriter commitment to enjoy the exception to the rule. Connection to big money helps!!

Watch the video, very informative about requirements to list on a higher exchange in a reverse merger situation. Here is the link:

http://lawcast.com/lawcast/nasdaq-listing-requirements-and-the-seasoning-rule/

Very interesting to say the least.

Nothing will stop this ticker eventually list on Nasdaq,

$DCGD

Disclosure: Imho only, do your own DD.