International Star Inc (ILST)

[linda1]

Did Frank not say that the company to
merge with ILST was of OTCQX value?


Looking at the OTCQX listing criteria
a company’s stock must have a
minimum bid price of $ 1 for the preceding
90 business days.


So with ILST’s current O/S of 1.936 B -
and if Frank is correct - the company to
merge with ILST would have to have a
valuation of $ hundreds of millions IMO.


“ To be eligible for a listing on the OTCQX
U.S. Premier Tier a U.S. company must
meet specific and additional requirements.
Requirements include a minimum bid price
of $1 for the preceding 90 business days
and meeting the financial criteria for continued
listing on the Nasdaq Capital Market. “


https://www.investopedia.com/terms/o/otcqx.asp



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