Whether we remain a private company or elect to register our shares on a public exchange, we would want to ensure a strong dividend distribution to our investors. We are working with our accountants and attorneys to review the U&I Sugar & Affiliates in preparation for both private and public markets.
We are receptive to strategic investor proposals that can bring value and strength to our company's future growth.
To prepare the company for a listing of our shares on a public exchange, we would need to interview and select a strong Public Market Team. The initial team would consist of SEC attorneys, expanded financial staff, underwriters/market-makers and market analysts. The public listing would require a strategy to define a path to the selected exchange (NASDAQ). The company would be required to strengthen revenues and product offerings to reach a targeted value (share price) and revenue growth that meet the listing criteria.
Preparation for a successful listing of our shares on a public exchange could take twelve to twenty four months.