Teeroy, I agree that is what will probably be on the proxy. I'm strongly considering traveling to the meeting in September... Anyone else on this board planning on making the Shareholders Meeting?
Actually they cannot uplist to the OTCQB they will have to uplist to the OTCQX. The QX tier is the premier OTC quotation level and is reserved for companies that are NOT penny stocks. This means that they meet the federal quantitative rules specifying annual revenues and net tangible assets in order to be excluded as a penny stock. A company that is NOT a penny stock may quote and trade on the OTCQX once it adopts additional qualitative measures such as board independence and certain corporate governance requirements. If VirTra makes this step it will be a good indicator that they are preparing for a move to the NASDAQ or NYSE Mkt. at some point in the future.
The company will still need to perform in order for the stock price to benefit -- but a better listing will attract new buyers as new eyes will look at VirTra for the first time.
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