News: MNS Magnis Energy Technologies Lodged An Application To List On Otcqx® Best Market, page-10

This is an excellent stepping stone towards full US listing for several reasons:

* 17x exposure since we go from 3 to 52 states of American retail traders who can get in on the action. Not quite NASDAQ level trade volumes on OTC but we will get a better representation of US market hype which is always at a much better price multiple than ASX alone, especially for growth and emerging companies.
* no share price dilution for this step as no new shares are being issued; freebie price bump for current shareholders from the minor re-rate dragged up by OTC price equilibrium.
* average trade volume increase for of 250% and price raise of 16-244% for EV and Tech sector stocks when upgrading from Pink to Best (6 month moving reference window).