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Friday, January 13, 2012 2:26:46 PM
Yes, there is an expectation of Bourque Industries moving to the OTC market top tier, OTCQX. For new companies, they naturally progress up the ladder as they grow and prosper. For BI to move up to OTCQX at this time they would have to stop what they are doing to undergo a full audit. For a startup company this would require a lot of resources that are in short supply, both time and money.
John Bourque has a legal fiduciary responsibility to do what is best for BI. If he were to take the current limited cash and personnel resources to achieve a full audit, he would, in my opinion, based on experience, not be doing what is best for BI. My expectations are about a year off to move up to OTCQX when revenues and personnel can sustain the requirements of an audit.
In addition, I think you have given BI many good reasons for maintaining current PINK status at this time. BI personnel cannot concentrate on growing the company and, at the same time, field every speculation from persons outside the company who admittedly have no facts or experience.
Finally, please help me understand your signature. From my limited experience, I would not expect to find any facts or anything else of interest in a chamber pot.
Flatcat
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