Post by
Riverfolk on Aug 31, 2016 2:22pm
Message From POYDRAS CEO, Mr Macy
Below is the message from Mr. Macy on the Conference Call
"As we embark on the next stage of growth, underpinned by our restructured balance sheet and with multiple opportunitities in our developement pipeline. We want to support our share price and improve our liquidity by telling our company story in the largest equity market in the world, The United States.
To that end, the board has approved a resolution to pursue a listing on the OTC QX international, the top tier of the OTC markets. While maintaining a listing on the Venture Exchange.
While it is currently not easy for U.S based investors to buy TSXV stocks, The duel listing on the OTC QX will increase access to the U.S investment community. We feel that given our opporations are in the U.S, it is a natural fit to list there.
On our last call, I talked about our plans to attend the U.S LD Micro conference and our reception there was great, with overbooked day of meetings with interested investors. One consistent theme we heard was that they liked our business and appreciated our growth potential. Investing in TSXV stocks was difficult or outside of investment mandate.
We took that feedback to heart and are pursing the OTC QX listing in response. Later this year we plan to increase our outreach to the U.S market by attending more investment conferences aswell as outreach to more select regional brokers."