2nd first: I've seen 4 companies go from the OTC to NASDAQ, and none of them trade anywhere near their "day before NASDAQ" PPS. All of them have been bad "holds," and the reason is NASDAQ couldn't care less about the story, the investors expect performance with growth potential. I'll look deeper into that ticker, but at first glance it appears to have tanked on NASDAQ.
Most of the time when you see the RM's on the OTC and a flurry of xerox'd (meaning essentially duplicate, save a date and a number or two), a story is being built.
If he needs capital and has a genuinely good idea, he can pitch it to venture capitalists, traditional financiers, private investors, and get it without yielding his ownership to shareholders of an empty shell company who never gave him a penny. That's the rub and where the reverse merger fairy tale on the OTC falls apart. The shareholders of this shell owned nothing, it was dead (and appears to still be save the xeroxing going on), and the claim is he just gave the value (whatever it was, because it sure isn't evident) over to them. Legitimate businesses just don't work that way.
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