Accredited Solutions is a company that sells bottled water. They want to change where their stock is traded from one market to another. They will start by moving to a smaller market called OTCQB and then hopefully move to bigger markets like NASDAQ or NYSE in the future. To do this, they need to grow their business by buying other companies and increasing their money and profits. They will also need to make sure they have the right people on their board of directors to help them with this process. Read from source...
none were detected. The article provides a clear description of Accredited Solutions' strategic growth plan, which includes uplisting its common stock to the OTCQB market as an interim step towards its ultimate goal of listing on a national market. The company's decision not to perform a reverse stock split and its plan to engage with acquisition and industry professionals to fill the independent seats on its Board as required by OTC Markets for OTCQB listing are also clearly explained. The article presents relevant links and safe harbor statements.
1. Accredited Solutions, Inc (ASII), the parent company of Diamond Creek Water, is initiating the uplisting process of its common stock to the OTCQB market. This decision is a part of their strategic growth plan, with the ultimate goal of listing on a national market, such as NASDAQ or NYSE.
Risks: The process of uplisting can be costly and time-consuming, with no guarantee that it will ultimately result in a listing on a national market. Moreover, the company's success in achieving revenue and EBITDA growth targets, as well as finalizing and executing an aggressive acquisition strategy, is dependent on various factors, including market conditions, competition, and the ability to identify and acquire suitable targets.
2. The company plans to engage with a list of acquisition and industry professionals to fill the independent seats on its Board, as required by OTC Markets for OTCQB listing.
Risks: Depending on the caliber of professionals engaged and their effectiveness in fulfilling their roles, the company's decision-making process could be influenced positively or negatively, thereby impacting its overall growth trajectory.
3. The company has no intention of performing a reverse stock split, preferring, instead, to build enterprise value to meet the minimum stock price required for OTCQB listing.
Risks: Reverse stock splits can sometimes be utilized by companies to increase the price per share, thereby making it easier to meet the minimum listing standards. By opting not to engage in this strategy, ASII may be limiting its ability to meet the minimum stock price requirements for OTCQB listing.
Overall, while the uplisting process of ASII's common stock to the OTCQB market presents an opportunity for the company to achieve its growth objectives, it also carries associated risks that must be effectively managed.