Vista, because of the speculation on this board, several people had contacted him regarding the scenario. He laughed, probably because he found the rumor and repeated calls funny and basically said without hesitation, it's not going to happen.
After thinking the situation over, I agree with him. Why would PBLS want to move "up" to the OTC? Why would PBLS want to mess with the additional expense and difficulties of SARBOX regulations and yet remain on an another irrelevant exchange? It's far less expensive to remain on the OTCQX as $1500 is all it costs to file. Pinksheets new DAD verification system, seemingly borrowed from Londons micro exchange fulfills the same purpose as Edgar. Please note, some very representative firms are becoming qualified as DAD's. It seems their real goal is AMEX or NASDAQ, not the OTC. PBLS seems well connected in their expanding community of businesses and are obviously well funded if they already have financing in place for the new pit.
What purpose would a move to the OTC fulfill? I really see it as an expensive trip to more reporting, not exactly what they are looking for IMO.
This post is an opinion and should not be considered reason to buy or sell any security, or to besmirch, belittle or berate any person, religion, cult, creed, race, sex, political party, company or company representative of any age or appearance.
