Chaos is refering to the requirements for OTCQB or OTCQX, the next tier up. They must have audits before moving up. In the case of NASDAQ, normally 2 years are required but RM have exeption that requires an audited statement only a year out. Foreign has nothing to do with it, There is an exemption for "International reporting companies" but they must be and have majority shares traded on an acceptable foreign exchange. Idea being most of those also require enough that the US will expect them.
Yes, Yes we know they need an audit to move up. Other than Nasdaq time requirement, they dont need to move up till they ARE more realistically able to move to Nasdaq. Sorry to shoot expectation, but Nasdaq is probably a good 1 1/2 - 2 years out no matter what (that would put about 6 month to get audit done). About the only thing uplisting would do right now....Is a "catalyst" price spike...that in todays OTC, would bleed back down to the price close to where it began.
For the billionth time. until OTC has some recovery and the '20-21 BAGHOLDER stigma has been forgotten......this is a long term hold!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
There are accusations that certain "supporter" groups are manipulating or even coordinating attacks on the price to stay within a certain range (the kind that cant make money investing on fundamentals and need to live off newbies or take advantage of the flippers they know tend to come out near quarterlies or catlyst). SFIO is not by far the only OTC with these shinangians and in the long term it dont matter (unless one succomes to selling do to impatience).
I'm betting on the history, expansion, the new management, profitability and lack of toxic debt and constant dilution you see with most OTC. Mistakes, taken advantage by Hatadi, reevaluating and adjusting distribution strategies....yes, yes, we know, we know!!!
Approximately 60% of restaurants fail within the first year of operation and 80% fail within the first five years. Less than 5% of those go on to start a second store. Since 2019, chains have been decreasing (see below), they are expanding(even if adapting type). How many go onto establish multiple "chains". How many of those expand to other industries that compliment each other and form an actual congomorate? Hell, I kind of wish Jeths was a plumber...that would make this growth even more impressive and prove it was do to perserverence.
Read "The Outliers" and you will know what I'm talking about (Gladwell unveils studies and similarities that point to opportunity, timing and 10,000 hours of practice as keys to success rather than sheer talent.)
Dunkin’ experienced a year-over-year decline in stores in the city for the first time since we began tracking chain stores thirteen years ago. Although Dunkin’ still has far more store locations in the city than any other national retailer, it has 18 fewer than this time last year. The city’s other big coffee chain, Starbucks, closed even more stores (49). Metro PCS, the city’s second-largest chain retailer, shuttered 135 stores over the past year—a bigger decline than we’ve recorded in any borough since this study began.
