The WDBG Woodbrook Group merger already happened. This is exactly why Doherty did the NHPI Woodbrook Group IPO merger this way. This is from the big board rules. This is what should happen first and what I explained earlier will make it easier for the new company to get to the Nasdaq later in 2019 as Mr. Doherty wants. Now to get to the Nasdaq there are many different rules but he can start on the upper tiers of the OTC that all repost 8K's and 10Q's like the big boards do. Our NHPI CEO already stated his exact reasons for doing the IPO and they are listed in the first paragraph below as they were exactly in a recent news article on the merger.
OTCQX Tiers
The reason large and prestigious companies list on the OTCQX rather than on a major exchange, such as the NYSE, is mainly to avoid the high costs associated with listing shares. Another reason is to bypass the expenses incurred in meeting the stringent ongoing disclosure and legal requirements that come with maintaining their listings. In contrast, the application fee for international and U.S. companies that meet the OTCQX requirements is much smaller.
To be eligible for a listing on the OTCQX U.S. Premier Tier a U.S. company must meet specific and additional requirements. Requirements include a minimum bid price of $1 for the preceding 90 business days and meeting the financial criteria for continued listing on the Nasdaq Capital Market.
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