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TJG

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TJG

Re: Risk post# 4627

Monday, 10/20/2025 12:01:32 PM

Monday, October 20, 2025 12:01:32 PM

Post# of 4940
Remember Risk, there has never been mention of an IPO from the company...all they have ever said was they want to move to a big board exchange... they can do it in a few different ways... another way to do it is find a current stock that is on one of the exchanges, and not doing well, preform a Revers Merger and take them over and its a lot quicker This is how a Reverse Merger would work... as well as a couple other ways to get it done.

Yes, an OTC stock can perform a reverse merger into a Nasdaq-listed company, but the combined entity must then satisfy Nasdaq's requirements for initial listing, including a one-year trading period in the U.S. OTC market after the merger and filing all required periodic financial reports with the SEC The company must file all required periodic financial reports with the SEC, including at least one full annual report, for the year following the reverse merger. The stock must maintain a minimum bid price The company must meet all other initial listing requirements, which include minimum bid price and not being delinquent in its SEC filing obligations.

Or they could do this:

$40 million public offering: A company can bypass the one-year trading requirement if, in connection with its listing, it completes a firm commitment underwritten public offering with at least \(\$40\) million in gross proceeds to the company

A company can potentially avoid the reverse merger "seasoning" period if it is able to conduct a direct listing on Nasdaq and meets the requirements for listing. (Direct Listing is an IPO



But at this point in time we are, in my opinion, at least 3 to 6 months away from any of this happening... Remember the Board of Directors approved a RS that can happen any time from now until June of 2026... So I dont see anything happening until 2026, they have moved very slowly on what has been accomplished since Jan of this year... I dont see them all of a sudden speeding up the process.. I hope that do, but hope only gets you so far with these stocks. LOL LOL

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