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Re: ChiefZ post# 1223

Friday, 09/16/2022 7:24:36 PM

Friday, September 16, 2022 7:24:36 PM

Post# of 2199
Anyone who is familiar with NASDAQ revenue requirements knows there is ZERO possibility of OWPC getting uplisted as is. They could get 200 million in carbon credits and 100 million in sales between now and a year from now and still would not qualify. There has to be 11 million in pre-tax review for the last 3 years but at least 2.2 million a piece for the last 2 years.

The ONLY way for OWPC to list in 2023 would be a reverse merger of a company that could meet the revenue and other requirements. The only SEC stipulation is that the new company still has to wait one year from the time of the merger to be listed.

So when the company states "It better positions us toward our capital markets' goal for 2023 of an up list to a major U.S. national exchange" they are either naive to the rules (which is highly unlikely considering the CFO), completely full of crap (which is possible but I really wouldn't see the point), or they are looking at a reverse merger that would meet the qualifications and also planning that merger before the EOY as they would need a full year before an up-list.

Then I go to the statement immediately following that quote..."At this time, the Company has yet to decide on any recapitalization structure or timing, as our Board and management continue to believe our stock is undervalued."

A reverse merger would absolutely fit the definition of a recapitalization structure in every measure of the definition. Recapitalization balances the asset/equity to debt ratio and the better the ratio the higher the valuation and obviously the value of the stock.

TIMING

"...our control over the timing and amounts of future equity capital which allows us to take advantage of sudden increases in our stock price."

It's coming.

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