THE KEY is "independent officers" (not family, etc) WHICH THEY ARE 100% DOING !!
THIS is the pre set-up to a NASDAQ LISTING !!
One MUST have a "proper board of directors" or the NASDAQ won't even glance at a company - and that means TWO "independent directors" (usually taken from academia or people with experience in prior Sr Mgt positions and qualifications....like oh...a CPA for the audit committee !) and then COMMITTEES are created for the "Compensation committee" and the "Finance oversight committee" and the "Corp governance and fiduciary committee" etc.
3 or 4 board members with the proper qualifications "sit" on each committee - as example the CPA would be on the "Finance and oversight committee" and two bod members not related to the CEO are on the "Compensation committee" etc.
ALL THE RIGHT MOVES are being made to groom this for a NASDAQ RUN ONE DAY - and one STARTS the "grooming" a year before EVER even thinking of approaching the NASDAQ to uplist - it's being ready and prepared that makes an uplist even possible !
QNTA aka will be MedoLifeRx VERY SOON PER FINRA and they are laying all ground work to be "ready" to eventually up-list, not a doubt on anything they've done yet !
It's a LONG VIDEO - BUT IF ONE WANTS TO KNOW "EXACTLY" how it works- THESE ARE TOP PROS and EXPERT ATTORNEYS AT A CHANCE IN HELL AT "HOW TO UP-LIST" an OTC stock TO THE NASDAQ !!
THEY WILL MOST LIKELY BE GOING FOR THE NASDAQ CAPITAL MARKETS - the entry tier and easiest to meet the qualifications :)
OR believe it or not the NYSE new entry level tier as discussed in the video - and it's not out of this world to meet the requirements to hit that tier requirements also.
Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.
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