Micro cap company UDS Group (UDSG) is officially one step closer to getting its stock listed as a bulletin board equity. The required audits we first mentioned back on August 14th are now completed. Now that the SEC has two years worth of verified results, UDS can submit the appropriate application.

UDSG currently trades as a pink sheet stock. That’s fine, though not an endpoint for a company looking to grow the organization the way UDS Group wants to grow their operation. However, since the SEC requires to years worth of accounting statements to make sure a company qualifies for a bulletin board listing, the data has to first be gathered - and audited - before a decision can be made. Now that UDSG’s data is compiled, the next step is clear….file the application.

We believe this could be finished and approved sooner than most people may realize; UDSG may be trading on the bulletin board by the beginning of next year, depending on when they submit the paperwork. Regardless of when though, the higher-level exchange and improved stature should help the stock trade well. 

Here’s the press release.

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