Hey Pagz - Sure..as far as we know all OTC companies aspire to moving up to the bigger exchanges..it seems like a no brainer and hardly worth pondering. From our viewpoint as shareholders we only see upside benefits but maybe the upside isn't so "up" as we think. From a Bank BoD's point of view maybe it's not just the money "costs" to consider. There are other costs. Let's call them hassle factor costs. The NYSE & NASDAQ both have some new rules many on those exchanges find distasteful.
My question really has more to do with - Is a move to the NASDAQ a "must have"? I had it in my mind that it was and predicted that the bank would go back in 2013. Now I'm not so sure. This BoD didn't hestitiate to delist and they didn't hang on until they were asked to leave like most companies do. That tells me maybe they don't see the upside like we see it.
Are there examples of other banks thriving just fine on the OTC? Yes. Farmers & Merchants Bank/CA ticker FMBL. The pps today is $4,410. They've been an OTC bank for a long time and they too could easily afford the "upgrade".
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