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Microcap & Penny Stocks : Microcap Kitchen Canadian Stocks
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To: kidl who wrote (36848)6/7/2015 8:51:03 AM
From: pinchednerve3 Recommendations

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diddlysquatz
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DAP.U - "Why not just uplist to the TSX (for now)?"

Over 50% of the shareholders of XPEL are now US, which requires the company to have a primary listing on a US market. This also does not help with the current OTC grey-market listing it carries in the US.

An OTCQX listing costs about US$40k for the first year, and only $15k annually after. The additional admin of posting the news and financials for OTC Markets compliance is minimal. I see this as the best band-aid in lieu of a US big-board uplist. But Ryan is running XPEL with his hair on fire growing the company at unbelievable rates, he will get to this when it makes sense for him, or when he has no choice but to address it.

PN
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