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lbdave

08/10/11 8:25 PM

#171473 RE: texans #171471

No, registration with the sec has nothing to do with the share price. The uplisting he refered too in the blog would be an uplisting to a higher exchange which requires a minimum share price for listing. That certainly won't happen anytime in the near future if it ever happens at all. There are a lot of successful companies with revs in excess of 100 million trading on the otcbb.
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just_an_ant

08/10/11 8:33 PM

#171475 RE: texans #171471

No - Companies quoted on the OTCBB must fully report (i.e. current with all required SEC filings) but have no market capitalization, minimum share price, corporate governance or other requirements to be quoted.

With WNBD already a current status filer (with more documentation/disclosure then most imo) with pinksheets - the next step isn't a big step imo..it requires more administration which would add some expenses/fees to be compliment with that level.

But typically also as the ability to be taken (seen as) more 'mature' as well as a different crop of investors/traders, financiers, etc. come in to the picture imo.