Plastic2Oil Inc (PTOI)

[the big guy]

No GWMAN you are just confused.

JBII has to earn the right to trade on a higher exchange. What I mean is that all too often a CEO gets an idea in his head to get the stock price up so he can get to a higher exchange for benefits like: improving the P/E ratio and getting better credit terms, getting more exposure to investors (perhaps somewhat valid), and others. But... this is just a distraction from running his business, which comes first. Hence he should "earn" his way to a better exchange by executing first, without looking to that uplist as a solution to the company's operational or financial problems.

This happens at the highest levels. Case in point: Nortel under Frank Dunn. He was an accountant that focussed all his time on cooking the books in the vain hope of improving his debt/equity ratio by getting the stock price up again. In 2004. He came out swinging at .10/share for the quarter and was immediately called on it by the analysts. The story unravelled in a couple of months or less. That company simply needed to get rid of a great many 100k Engineers up at the Big Nerd Ranch in Ottawa, also known as Bell Northern Research, and focus the efforts of the rest of them.

From the investor's point of view, it does not matter a damn where a company trades. I have noticed this when I search for stocks that it really does not matter when you look at it on strict financial paramters or fundamentals. In Canada we have the TSX and the TSX-Venture, similar to your NASDAQ. Most hitech companies trade on the TSX Venture because they don't need to be on the TSX, but that is all. Similarly the NYSE does not list a great many hitech companies.

What I have noticed is that the OTC is a wasteland. I can see why JBII wants to get off of it. Most of the charts are downward and it is full of scams. When I apply my selection criteria without regard to exchange, almost nothing on the OTC makes it.

When I look for stocks, exchange is really not much of a factor. I don't really do the US market, so I can't say how I would handle the OTC, except that very few stocks would interest me because they would not fit my criteria.