RE:We are headed to the big leaguesCertianly looks like a positive move. New address, possible office in NYC. This would be the 2nd shelf $200M, and now $150M. Still some litigation concerns exists over WinView, as seen in the filing. But perhaps they are ready to print shares into dollars for the institutions that are holders. We shall see, can't get too excited with GaMe.
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We may not be successful in listing our Common Shares on NASDAQ; if listed, we may lose our foreign private issuer status in the future, which could result in significant additional costs and expenses to us.
We have applied for the listing of our Common Shares on NASDAQ and will concurrently file with this Prospectus a registration statement on Form F-10 (the “Registration Statement”) with the SEC, which has not yet been declared effective. We cannot assure you that our Common Shares will be approved for listing on NASDAQ. The listing of the Common Shares on NASDAQ is subject to a number of regulatory requirements, including the effectiveness of the Registration Statement and a determination by the NASDAQ that the Company has satisfied all applicable listing requirements.
Additionally, even if the Common Shares are approved for listing on NASDAQ and following the effectiveness of the Registration Statement, we may lose our status as a foreign private issuer under applicable U.S. federal securities laws. As a foreign private issuer, we are not required to comply with all the periodic disclosure and current reporting requirements of the U.S. Exchange Act and related rules and regulations. As a result, we will not file the same reports that a U.S. domestic issuer would file with the SEC, although we will be required to file with or furnish to the SEC the continuous disclosure documents that we are required to file in Canada under Canadian securities laws. In order to maintain our current status as a foreign private issuer, a majority of our Common Shares must be either directly or indirectly owned by non-residents of the United States unless we also satisfy one of the additional requirements necessary to preserve this status. We may in the future lose our foreign private issuer status if a majority of the Common Shares are held in the United States and we fail to meet the additional requirements necessary to avoid loss of foreign private issuer status. The regulatory and compliance costs to us under U.S. federal securities laws as a U.S. domestic issuer may be significantly more than the costs we would incur as a Canadian foreign private issuer eligible to use MJDS. If we are not a foreign private issuer, we would not be eligible to use the MJDS or other foreign issuer forms and would be required to file periodic and current reports and registration statements on U.S. domestic issuer forms with the SEC, which are more detailed and extensive than the forms available to a foreign private issuer. In addition, we may lose the ability to rely upon exemptions from NASDAQ corporate governance requirements that are available to foreign private issuers."
bigops wrote: The news out yesterday about the Shelf and 10F filing is HUGE -- the last piece of the puzzle we needed to get our Nasdaq uplist. Once we get off the OTCC and on to the big board we will be eligible for US based fund managers to buy our stock -- this is going much much higher. GLTA