![](https://investorshub.advfn.com/uicon/792403.png?cb=1632160976)
Wednesday, December 28, 2022 9:03:20 PM
From what I could see, ENZC can't uplist to QX until they get a lot more revenue, or increase net tangible assets.
Net Tangible Assets:
$5mm: Less Than 3 Years Operations
$2mm: 3+ Years Operations
OR
Revenue:
$6 million average for last 3 years
https://www.colonialstock.com/otc-listings.htm#otcqx
ENZC can't uplist to QB unless they're willing to be transparent about material events, and either get off Alternative Reporting Standard or form an audit committee. Audit committee shouldn't be a big deal, but timely disclosure of material news is tricky since they've been hiding material events behind NDAs and generally waiting months to (sometimes) disclose setbacks; the company may prefer to stay Pink to avoid that accountability.
Provide timely disclosure of material news.
https://www.colonialstock.com/otc-listings.htm#otcqb
Corporate Governance (Required for Alternative Reporting Standard Only). Alternative Reporting Companies are required to meet the corporate governance standards outlined below: a. Have a board of directors that includes at least two Independent Directors; and b. Have an Audit Committee, a majority of the members of which are Independent Directors.
https://www.otcmarkets.com/files/OTCQB_Standards.pdf (bottom of page 2)
They're nearly meeting QB eligibility, as best as I can tell. I don't see a good reason to delay that uplisting.
Recent ENZC News
- Small Cap Recipient of Military Drone Technology • InvestorsHub NewsWire • 11/20/2023 01:14:45 PM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM