Not sure exactly what the requirement is for uplisting - but need at least 2 years of complete financials - maybe 3 or 4. So they must go back and collect all of this data and it sometimes can be a huge pain in the ass. Even though they have only been public since end of 09 they still need to get all of the info from before as well - which is the hard part.
If this is a new company with no ties to the old company how can they claim the old companies losses? Also if they can claim the old losses can't they also be held accountable for the old liabilities?
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