Is HQ Sustainable Maritime Industries Moving to the Amex? (HQSM)

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 |  About: HQ Sustainable Maritime Industries, Inc. (HQSM)

The Microcap Speculator wrote a piece yesterday about China micro-cap HQ Sustainable Maritime Industries (ticker: HQSM), a tilapia fish exporter. Here is what MS had to say (permission to post granted):

On October 24, I wrote:

If HQSM wants to appeal to a broader audience it should upgrade its listing from the OTC BB to the Amex or Nasdaq Smallcap.

It appears that HQ Sustainable Maritime (OTCPK:HQSM) is doing just that. The company announced today that CEO Norbert Sporns would be interviewed on the floor of the American Stock Exchange:

Mr. Sporns will discuss HQ's financial results for the third quarter as well as its new financial partnership with Amalgamated Resources Holdings Inc. ("Alps"), which in mid October agreed to provide guarantees in support of traditional bank loans for up to $70 million. HQ intends to use the proceeds of such loans to expand the company's branding, vertical integration and production. As a first step, the Company plans to expand its distribution, marketing and branding initiatives in the United States.

Mr. Sporns will also make an important announcement related to the future of the Company.

(the emphasis is mine). The interview can be viewed online at www.moneytv.net as of the 18th of November. Nice move Mr. Sporns. This guy knows how to execute.

DISCLOSURE: I am long HSQM.OB. Not a recommendation to buy or sell any security. For informational and educational purposes only.

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HQSM chart.

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