Repost: Each uplist is different. It all depends on how long the audit takes. In the case of CDIV I would think the audit would be very simple (have you seen the financials very basic). Also the company is aware of the short position as well from their PR so they would want the audit done ASAP.
The Finra application takes anywhere from 3-45 days. Yes 3 days. Call yourself at 240-386-5100. They will tell you that they respond back within 3 days of receiving the application. If all is on order it is approved. Otherwise additional information is requested. We don't know how long before the PR the company was working on the audit. They could have already started or been further in.
Do you see why the MMs might be getting nervous, if the audit is complete or near complete this could happen any day.
Many other companies have taken longer because of the complexities of the company, assets, audits etc. This should be a very straight forward audit and application so timing should be average or sooner.
Stay buckled.
FINRA OTC Compliance Unit 240-386-5100
* Filing a Form 211
* Check the status of a Form 211
* Mail 211 Applications to:
Financial Industry Regulatory Authority
OTC Compliance Unit
9509 Key West Avenue
Rockville, MD 20850
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Cascadia Investments Announces Plans to Move up to OTC Bulletin Board
2010-03-25 09:01 ET - News Release
TACOMA, WA -- (MARKET WIRE) -- 03/25/10
Cascadia Investments, Inc. (PINKSHEETS: CDIV). Due to its success to date, its current valuation, and its attainment of qualifying milestones, Cascadia will shortly undertake the process of becoming a fully reporting corporation with the SEC.
This move will provide greater accountability and transparency for shareholders, expanded access to capital sources, and optimal growth of business operations. The company believes the decision to up-list to the Bulletin Board will go a long ways toward addressing the issues related to the shorting of company stock.
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