Let me rephrase that. Simply to have an independent board is needed to up list. A strong board is preferred as an investor.
You have to have all your financial ducks in a row. I've talked to several people involved in public companies in the process of up-listing. It's not an easy process. Many sleepless nights for the finance committee. It doesn't happen overnight.
Leo hyped up listing for probably 2 years, and hyped it highly during the end of phase 2 for B-ABSSSI. Instead of announcing an independent board, like most companies would, they said they would silently submit their nominees. It came to the message boards attention that the candidates were less than stellar. Boca Raton dentist and synagogue members of Leo's. Less than stellar, and not independent. Several members of the message board who are big believers even scoffed at the nominees.
The story about Leo having to call NASDAQ about the application just laying on the desk is hilarious.
It's funny that people think my views come from a dark place. The dark place is inside the walls of IPIX headquarters.
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