Replies to post #24527 on Element Global Inc (ELGL)

[dream_maker]

That's a good question, id like to know why they need to get current when they plan to meet in bfnh anyway

[brooklyn137]

That's a question I've had for some time, lifttruck and dreammaker. I don't know the answer.

I did look at the otc rules for qualifying to report under the alternative reporting under OTC. It seems like they first have to apply, which they may have already done. It takes two to four weeks for the otc or finra to get to the app. Then, when they are approved they have to bring their filings up to date. Then, hopefully, the caveat emptor is lifted and they can trade on the pinks. After that, if they keep the price above a penny for thirty days they can go to the otcqb, or if they keep it above a dollar for ninety days they can go to the qx. That is assuming they meet all the other requirements which I assume they do. That seems to be their plan. But if they keep the price above four dollars they may be able to go directly to the NYSE.

In any event, from the news this week it seems they plan to get trading on the OTC and then move. We'll see how long it takes.