JP 3E Holdings Inc (JPTE)

[surfkast]

There is no uplist on the OTCM. They move to a higher tier. They also must meet more stringent requirements which as of now they don't. SMH


"Uplisting" is the global practice of elevating a company (foreign or domestic) from having its stock quoted on an alternative trading platform like the OTC Markets, TSX or the ASX, to the NASDAQ or NYSE.

For example, a stock may move from the over-the-counter (OTC) markets — broker-dealer networks that allow people to trade stocks directly — or a small international exchange to the Nasdaq or NYSE.
https://foundershield.com/blog/how-uplisting-stocks-works/
Uplisting - Lucosky Brookman LLP

Eligibility Requirements

Audited Annual Financials (PCAOB Audit required for U.S. Companies)

Bid price of at least $0.01 for proprietary priced quotations published by a Market Maker in OTC Link**

Not be in bankruptcy

At least 50 Beneficial Shareholders, each owning at least 100 shares

Freely traded Public Float of at least 10% of the total issued and outstanding of that security

Companies with a freely traded Public Float of at least 5% (and $2 million in market value of public float), or a separate class of securities traded on a national exchange may apply for an exemption

Transfer agent that participates in the Transfer Agent Verified Share Program (US and Canadian companies only)

International companies must be listed on a Qualified Foreign Exchange and submit a Letter of Introduction from an approved OTCQB Sponsor, or be SEC reporting

Corporate Governance Requirements (Alternative Reporting only)

Have a board of directors that includes at least two Independent Directors

Have an Audit Committee, a majority of the members of which are Independent Directors

https://www.otcmarkets.com/corporate-services/otcqx-otcqb/otcqb