Thursday, December 21, 2023 8:36:41 PM
I do expect JP to bring this off, and uplist it, which means a reduction in OS, and becoming fully SEC compliant. The reduction should be by share buyback. He's already said an RS is not on the table, so that's the only other way to reduce the OS, and raise the SP. You can't get to $0.01 with an OS of 5.5B - that would make it a $55M company market cap, which is not going to happen with sugar and chicken paws, overnight. They HAVE to buy shares back.
For those that understand the lingo, here the requirements for uplisting:
OTC Listing Requirements
OTCQB is the only one that would be applicable at this time, and that requires a share price of $0.01 for 30 days minimum.
Lets see... 31M X 0.01 = $310K.= A good start.
FEATURED Integrated Ventures Files Q3/2024 With Mining Revenues Of $1,983,250 And Positive Earnings Of $0.05 Cents Per Share • May 15, 2024 10:30 AM
Swifty Global Announces Impressive Financial Results for Q1 2024 • DRCR • May 15, 2024 10:25 AM
Branded Legacy Inc. Invites Shareholders to Celebrate Milestones at Open House: Announces Share Buyback and Commitment to Authorized Share Count • BLEG • May 15, 2024 8:30 AM
Alliance Creative Group (ACGX) Releases Q1 2024 Financial and Disclosure Report with an 88% increase in Net Income from Q1 2023 to Q1 2024 • ACGX • May 15, 2024 8:30 AM
Category V Biotech, Inc. Announces Letter of Intent to Acquire Genetic Networks, Expanding into Biotechnology Sector • CATV • May 15, 2024 8:00 AM
POET Announces Design Win and Collaboration with Foxconn Interconnect Technology for High-speed AI Systems • POET • May 14, 2024 10:09 AM