The OTC market, as I underestand it, and I'm not a securities lawyer, consists of four components: the Nasdaq National Market, the Nasdaq Small Cap Market, the OTC Bulletin Board, and the OTC Pink Sheets.
To uplist to the National Market, costs the company a nonrefundable application fee, like $25,000.00 I think, and an initial $5.00/sh. stock price. You must then maintain a stock price of over a $1.00/sh. thereafter to remain listed.
Ergo, our initial stock price target would probably be a $1.00/sh. (or slightly better ... as they average your stock price over a certain period of time for qualification) and the company would institute a 1-5 reverse stock split to meet the listing requirement.
I'm no expert on this stuff and people can feel free to correct me and this post all day long... day traders are often far better informed on these matters. Oiljob
