Erahs
OK Here it is specifically (again).
The SEC is in control of the process. They asked a number of questions of the company which required several responses.
One of the issues required PR to re-issue its annual financial report to meet the international accounting requirements. That was done about 1 month ago.
The key issue was that management were advised that doing a cap raising after the Nasdaq listing would be extremely complicated and expensive so the wisely decided to do it first. The SEC cannot issue the listing approval until that is completed.
Does this answer your questions?
prr and it's sp, page-30
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