I’m aware that the OTC is not considered an exchange, but I appreciate you dumbing it down for me. That’s not the issue here, though.
GIFA is currently Caveat Emptor, right? Which means they aren’t OTC current, right? GIFA can’t seem to handle the bare minimum by providing financials for 2+ years, why would any of the higher exchanges matter at this point? What exactly is the point of releasing a PR stating you aren’t able to currently qualify for a higher exchange when you can’t even get current with the OTC?!?
Seriously... How much does GIFA claim they broker in loans? How much are their associated fees? How much do they make from the many subsidiaries they claim to own? They claim to have airplanes for goodness sake! Do you know how much it costs a company to operate an airline? How many company’s do you know that operate a fleet of 60 airplanes???
They announced they are planning to build an amusement park (GIFALAND). How much does that cost? They announced GIFA hotel and casino would be open as soon as the end of the year!!! That was last year!! Where is it? Why does the lobby image in the Yeni Bakis article look exactly like a property here in the US? A lot of claims with absolutely nothing backing any of it up!!! Nothing but articles from Yeni Bakis and social media posts.
GIFA seems to be having a hard enough time with filings from 2017 and 2018. It’ll be much harder to qualify for an actual stock exchange. The higher exchanges require a lot more transparency. What does that say for a company that can’t even get OTC current?
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