Monday, January 10, 2022 9:31:39 AM
We may however have to wait till FY2021 financials are fully audited and issued before we can look at uplisting (presumably in Canada initially). However, Q4 financials will tell everyone if we grow or stand still on the revenues and that may render uplisting easier or not ???
The time to go public depends on the complexity of the company, quality of documentation provided by the company and whether there are any outstanding issues. On average, the process takes three to six months to complete.
The following chart provides a sampling of some of the listing requirements of Toronto Stock Exchange for companies in the industrial sector (for illustration purposes only).
Net tangible assets Pre-tax earnings
Toronto Stock Exchange CDN $7.5 million CDN $200,000
Considerations for Getting Listed
Financing:
Have all alternative financing sources been explored?
Do you need financing for your growth strategy?
Do you have a sound financial plan?
Management:
Do you have a strong management team?
Is the management team experienced and balanced, with sufficient directors and senior executives with a proven record in managing a public company
Business Plan:
Is there a well-developed plan that identifies potential revenue, income and the necessary resources to sustain success?
Growth Potential:
Is the market size for the company's product or service sufficient to attract broad investor interest?
Is your company profitable or has its product reached commercialization with evidence of market acceptance?
At the time of listing, will your company have sufficient working capital to carry out its business plan?
Patiently,
Roger
Recent BABYF News
- Nutrition Firm Expanding into the Fast Growing Kids Market • AllPennyStocks.com • 08/03/2023 04:00:00 PM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM