You are fundamentally correct!. However, I was mimicking the Brokerage’s definition of PinkSheet Stocks, which are Stocks that are not listed on the stock exchange, which is quite different from being listed on the OTC-BB.
(Stocks that trades at about a $3 or less are usually referred to as Penny Stocks)
CBAI shows up on the “OTC Bulletin Board Market” and stocks listed here are known as “Pink Sheets”
Given the genre, I'd guess that makes this a “High Profiled Pink”. –LOL!
But until its PPS trades are officially Listed above the $1 PINK-LINE, (so to speak) and yet alone listed on the stock exchange, its pink status is still pink, whether it be some technicality-call or not.
(Well, according to brokers anyways.)
And there are certain company criteria’s that must be met in the market in order to qualify or sustain being “Listed” so as to avoid getting dropped from being LISTED on the Stock Exchange.
although they’ll still be accessible from “OTC-BB”.
CBAI has yet to apply for its self to be listed on the stock exchange.
(Or perhaps they already did)
The length of time it takes to be listed on the stock exchange typically depends on the companies making the request.
They need only to meet the listing criteria for the exchange they choose to be listed on and follow through accordingly.
But this really doesn’t matter, as I doubt this company will allow themselves to stay on the BB.
I believe they'll likely reach for higher grounds.
That's only in MY opinion and says nothing of the company's intensions.
And if the Stem Cell Technology gets a STEMulus from the Stimulus,, (Gosh! I like that), then who knows, we may be listed on the S&P 400 - 600.
Or maybe not!
There are no guarantees, but what I can guarantee, is the increase of my position in this stock.
-LOL!
Believe you me.
Maintaining TRUTHS requires 'little to no effort' than Maintaining LIES.
AI
