Susglobal Energy Corp (SNRG)

[synaphai]

Marc's got to get past the chicken and egg problem. In the past the financing depended on the uplist, which depended on the financing, which depended on the uplist....

There's a good chance the share price won't really go anywhere until a solid financing agreement is announced. It could, because OTC stocks do crazy things but if the share price continues to languish and financing depends on Nasdaq then do a 1 for 30 split if that's what it takes. There are plenty of Nasdaq listed companies with very low share counts and floats (although perhaps it's something Nasdaq frowns upon for initial listings because it doesn't provide room for another reverse split if the company eventually falls below the $1 minimum).

A struggling, stagnated company probably shouldn't be picky when it comes to financing options so doing whatever it takes to get the operation rolling may be the smart move.

Hopefully if there is a strategic financing a larger company won't be insistent on Nasdaq as pre-condition, as that requirement is not something I've seen before but Marc does seem to be still focused on the uplist so that makes me wonder.