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Monday, March 20, 2023 11:16:32 AM
The reason the filing date of the application is important is because they actually issued a formal statement to shareholders that they “intended” to file for uplist. AT THE TIME OF THAT PUBLIC STATEMENT, THEY WERE DULLY QUALIFIED AND ABLE TO UPLIST. (That’s important)
IF they DIDN’T file, then it’s a VERY strong case for fraud. It could easily be construed that this was a statement to increase share price by intentionally mis-leading investors into buying or holding based on a feasible scenario.
There’s no way they can uplist now. Those saying they are currently qualified to do so are, themselves, engaged in fraud. But the original statement came from the company. A formal statement claiming an intention under these circumstances, seems curious in the first place. It would be different had they announced an intention PRIOR to being eligible to satisfy the intention.
This company better hope they don’t draw the “real” scrutiny of the SEC. There’s a whole lot to unpack in these public statements.
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