MidtownGuy wrote: It brings up an interesting notion. Most companies only post when they have conditional approval, then they follow up (usually two weeks or less later) with final approval and the listing announcement, then begin trading the very next day on the new exchange.
As canyousayiii suggests, there was no real reason to announce they have filed the paperwork, especially considering it's been discussed by Peter online and in presentations and in previous updates that they were going to do so.
Peter is awesome at being transparent and it's both refreshing and appreciated. But, being that this announcement was never going to move the needle AND was not required, I believe there's possibly three other things at work here:
1/ he is taking the time to signal to institutional investors what's happening; building the narrative, showing all the moves, but more importantly, giving time and space for each move to occur and be digested. It shows the street more competence, but also gives space for things to work, because...
2/ he needs more time that he doesn't have. Some of the things he has going are so substantial and are happening so fast, he needs some padding in place to allow him to make the "other" non-producing stuff happen. He wants to talk to the street, wants to give heads up to investors, wants to build news, but the "work" and the contracts and the commitments are such that it's dramatically cutting into his time. So he's making time, in a sense, by doing announcements that aren't necessarily key, but allow him to build the story out in another way and talk to people without talking to people, if you get my drift.
3/ More bait for the shorts and more FUs to the naysayers like the McWhirters. I never believed he was actually doing that before, but now I'm inclined to believe it. Every time he releases info that sets the stage but offers no material change, the shorts rush back in, sensing a time-lag opportunity, to work their tricks (like they did with the lag between draft contract in vs final signed contract). In a sense, it's maybe a misdirection. Here's something, chew on it, yeah it might take awhile... actually BOOM, here's another one that's even bigger, now you're hosed.
Just my thoughts.
canyousayiii wrote: Let's be honest....we will apply and then we will see if we are going to meet the condition to be accepted. OK, thanks for letting us know. Let us know when you are conditionally approved and then how you are going to meet the condition. That will be the next news. And after that it will be final news of uplisting. By that time, we should have some serious sales news so I am not sure I care about this as much right now.