Replies to post #170633 on Cascadia Investments (CDIV)

[Yianni]

Look it up in the ibox I'm sure the update is there somewhere.... mmm I'm sure I read it...jmo

Cheers

[LoneGrey]

LOL, read all the CDIV PRs and not just one and you will see the entire picture. And no I'm not going to read them for you.

[loanranger]

"didn't CDIV put out a PR about uplisting back in march?"

Actually it was addressed more recently.
From 8/18/10:
"There has been general discussion about the advisability of "up-listing" to a higher exchange. At this time, we believe shareholder value can be most effectively created by working primarily on developing exciting products and marketing those products. We believe an increase in market valuation will be the inevitable result of establishing name recognition in conjunction with quality products. Therefore, at this time, we will focus on those goals and will address up-listing at a later time."
http://www.marketwire.com/press-release/Cascadia-Investments-Inc-Issues-Shareholder-Letter-1306400.htm

Apparently that was the update you were looking for to this release from 3/25/10:
Cascadia Investments Announces Plans to Move up to OTC Bulletin Board
"Due to its success to date, its current valuation, and its attainment of qualifying milestones, Cascadia will shortly undertake the process of becoming a fully reporting corporation with the SEC.

This move will provide greater accountability and transparency for shareholders, expanded access to capital sources, and optimal growth of business operations. The company believes the decision to up-list to the Bulletin Board will go a long ways toward addressing the issues related to the shorting of company stock.

In making the announcement, Cascadia CEO, Nazir Maherali, stated, "The growth we are seeing is exciting and we feel that an up-listing will aid our expansion while helping us to capitalise on greater financial opportunities. It has always been a goal of Cascadia to provide liquidity and growth for its shareholders. It is something we have planned since inception.""
http://www.marketwire.com/press-release/Cascadia-Investments-Announces-Plans-to-Move-up-to-OTC-Bulletin-Board-1164419.htm


It seems that the up-listing and fully reporting plans have been tabled in favor of product development, implying that the company felt that it could not do both. And that the company's "success to date, its current valuation, and its attainment of qualifying milestones" in March were not sufficient to support those plans after all.