The logistics and transportation services company Transportation and Logistics Systems Inc (OTCMKTS:TLSS) was in considerable focus on Wednesday after the made a key announcement on Tuesday.
The company revealed that the shares of its common stock had been approved for quoting on the OTCQB tier Venture Market of the OTC Markets Group Inc. It goes without saying that it was a major milestone for the company and investors moved in on the stock on Wednesday. The Transportation and Logistics stock managed to clock gains of as much as 33% yesterday on the back of heavy interest and it is quite likely that the stock is going to be in focus among investors today as well.
The stock, which will be trading under the symbol TLSS, started trading on the OTCQB tier Venture Market from yesterday. An uplisting of this nature can often come as a significant boost for most companies and the Chief Executive Officer of the Transportation and Logistics Systems, John Mercadante said as much.
He stated that it was a significant milestone for Transportation and Logistics Systems and also went on to state that the uplisting is also an endorsement of the sort of turnaround plan that had been put in place last year.