re:"Is it absolutely impossible for LFBG to move out of the OTC board onto NASDAQ or NYSE? "
With their current market cap, it would be impossible for them to move to the big boards, but that doesn't mean it couldn't happen some day.
re:"Also, is he issuing all these shares to simply ensure the company survives or could he be using the shares for a big offensive towards profitability"
Probably both. I see just today he filed an 8k stating he is going to offer 1b shares as some kind of an incentive.(employee benefits program).
Bottom line....all this means is there will be even more shares eventually diluting the share count.
GL!