Enzolytics Inc (ENZC)

[foxi]

Audit requirements for uplisting:

To be considered for admission to OTCQB, a Company shall meet all the following conditions: 1) Audited Financials. Audited annual financial statements must be prepared in accordance with U.S. GAAP or, for International Reporting Companies or Alternative Reporting Companies listed on a Qualified Foreign Exchange, IFRS or an IFRS equivalent, as applicable, containing an audit opinion that is not adverse, disclaimed, or qualified.

Once the audit is finished, it looks to me like ENZC would meet the OTCQX uplisting qualifications - but it's my understanding that QX is even more stringent than QB about financials, so I would expect the audit would also need to be containing an audit opinion that is not adverse, disclaimed, or qualified to be acceptable for uplisting.

Can this happen while 72M shares are still disputed in court? I don't know.


https://www.otcmarkets.com/files/OTCQB_Standards.pdf

https://www.otcmarkets.com/files/OTCQX_U.S._Application_Guide.pdf