I have been reading and researching as much as I could on the subject of up listing to an major International Exchange. These are some of the things I have found that RCCH would have to do to complete the process. It is extensive.
-Submit a formal and excepted application. After the Exchange does their review and due diligences RCCH would have to supply the following.
-Interviews with all key personal (in person).
-History and background check of all key personal.
-Audit financial statements.
-Audited contracts (all signatures verified) legal letters of opinion
-Audited assets
-International gold medallion signatures in person. They do not take notarized signatures. What is this you ask ???? Basically it is the backing of a listed financial entity....A medallion signature guarantee may be obtained from a domestic bank or trust company, broker, dealer, clearing agency, savings association, or other financial institution which is participating in a medallion program recognized by the Securities Transfer Association.
-Audited transfer agent
-Nominated Adviser (Nomad). Must have continuous oversight and advice by the issuer's underwriter, referred to as a Nominated Adviser (Nomad). Nomads are liable for damages from tolerating misdemeanors on behalf of their supervised companies, including the loss of reputational capital.
-Must complete all the above not just one.
So to summarize my findings if RCCH is only 90% there at the present time and finishes this process up within the next sixty (60) days we are golden. I think PPS will be in dollar land. They must have been working on this for quite some time. RCCH has never put out a PR that hasn't happened. These are my findings.