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Imagination TV, Inc. IMTV
Posted On: 11/04/2012 9:54:53 AM
Post# of 45510
Avatar
Posted By: perchy
Re: perchy #9517

Well, lets see about all the truth nonies, pluto's then the real facts


Samblis ICPA Quote :

It is right here on the same page, it is less than 50 post away.

http://investorshub.advfn.com/boards/read_msg...d=81096605



What part did you not say? What part is untrue?

Here is the link to NASDAQ REQUIREMENTS:

http://www.investopedia.com/ask/answers/121.a...z2B65dYqph

LET ME SPELL IT OUT FOR YOU MR. CEO:

According to your latest filing the O/S (that stands for OUTSTANDING SHARES) is 798,427,205 shares.

The O/S is amount of shares that have been issues but some of them might be restricted and not available to trade. These restricted shares are do to convertable debentures, i.e., convertable debt. All the shares that are available to trade are in the FLOAT.

According to the close yesterday your company has a market capitalization (or market cap) of $5,588,990

If you take the O/S and multiply it by the PPS that will give you the market cap.

798,427,205 X .007 = $5,588,990

The NASDAQ minimum requirements are $4.00. Please read the above link.

YOU SAID the stock would be a NASDAQ STOCK. PLEASE READ THE ABOVE LINK.

It is pretty simple math. 798,427,205 X 4.00 = $3,193,708,820 MARKET CAP.

This simple calculation has changed for the worse, obviously. Recent filings show from 71 million to 800 million shares issued and outstanding in the last 9 months.

I would assume the rate of DILUTION has not changed in the past quarter. 



Quote:



As we continue to grow affiliates, households, assets and revenues we will continue the journey moving on to the QX then eventually to the NASDAQ. But at no time during that journey are we in any way the place we occupy at that time








There is exemption for minimum bid requirement . Read the bold sentence.
http://www.otcqx.com/content/doc/qx/Rules/OTCQX.pdf
2.2 OTCQX U.S. Eligibility Criteria
To be considered for admission to the OTCQX U.S. tier of OTCQX, the Company shall:
a) As of the most recent annual or quarterly period end, have $2 million in total
assets and as of the most recent fiscal year end one of the following: (i) $2
million in revenues; (ii) $1 million in net tangible assets; (iii) $500,000 in net
income; or (iv) $5 million in market value of publicly traded securities;
b) Have ongoing operations and shall not be a Shell Company, Blank-Check
Company, Special Purpose Acquisition Company or Development Stage
Company;
c) Not be subject to any Bankruptcy or reorganization proceedings;
d) Be duly organized, validly existing and in good standing under the laws of each
jurisdiction in which the Company is organized or does business;
e) Have at least 50 beneficial shareholders, each owning at least 100 shares of the
Company’s common stock;
f) Have proprietary priced quotations published by a Market Maker in OTC Link;
OTC Markets Group Inc. Page 5 of 28
OTCQX Rules for U.S. Companies (v.6.3 October 20, 2011)
g) Have a minimum bid price of $0.10 per share for its common stock as of the
close of business on each of the 90 consecutive trading days immediately
preceding the Company’s application for OTCQX, provided, however, that in the
event that (i) there has been no prior public market for the Company’s securities
in the U.S. and (ii) FINRA has approved a Form 211 relating to the Company’s
securities, then the Company may apply in writing to OTC Markets Group for an
exemption from the minimum bid price requirements of this Section 2.2(g), which
exemption may be granted by OTC Markets Group in its sole and absolute
discretion;

h) Have (i) audited balance sheets as of the end of each of the two most recent
fiscal years, or as of a date within 135 days if the Company has been in
existence for less than two fiscal years, and audited statements of income, cash
flows and changes in stockholders’ equity for each of the fiscal years immediately
preceding the date of each such audited balance sheet (or such shorter period as
the Company has been in existence), with each such financial disclosure made in
accordance with U.S. GAAP and including all matters of which the Company is
aware that are relevant to the Company’s ability to continue as a going concern,
including, without limitation, significant conditions and events and the Company’s
plans to mitigate such conditions and events; and (ii) unaudited interim financial
reports, prepared in conformance with U.S. GAAP, including a balance sheet as
of the end of the Company’s most recent fiscal quarter, and income statements,
statements of changes in stockholders’ equity and statements of cash flows for
the interim period up to the date of such balance sheet and the comparable
period of the preceding fiscal year; and



04/27/2012 09:16:00 AM EST

New Nasdaq $2 / $3 Initial Price Listing Standards



Posted by

Andrew Ledbetter






As a quick follow up on this topic from a few months ago (prior post can be read here ), the SEC has approved alternatives to Nasdaq's historical $4 minimum bid price listing standard. Under the new alternative listing standards, a security may qualify for listing on the Nasdaq Capital Market if:



  • $3/share price -- for at least five consecutive business days prior to approval, the security has a minimum closing price of at least $3 per share and the issuer has either :

    • Equity Standard: (A) stockholders' equity of at least $5M; (B) market value of publicly held shares of at least $15M; and (C) a two year operating history; or

    • Net Income Standard : (A) net income from continuing operations of $750,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years; (B) stockholders' equity of at least $4M; and (C) market value of publicly held shares of at least $5 million; or



  • $2/share price -- for at least five consecutive business days prior to approval, the security has a minimum closing price of at least $2 per share and the issuer has (A) market value of listed securities of at least $50M; (B) stockholders' equity of at least $4M; and (C) market value of publicly held shares of at least $15M.


In addition, the issuer must also demonstrate that it has:



  • Net tangible assets in excess of $2M if it has been in continuous operation for at least three years;

  • Net tangible assets in excess of $5M if it has been in continuous operation for less than three years; or

  • Average revenue of at least $6M for the last three years.


Nasdaq-listed securities have historically not been regulated as "penny stocks" (which subject broker-dealers trading in them to additional disclosure and other requirements) because of the exception for securities registered on a national securities exchange that, among other things, required a minimum bid price of $4 per share at initial listing. NYSE Amex benefits from a "grandfather" exception that permits lower initial prices. With Nasdaq's new alternative listing standards, it can compete with the NYSE Amex for listings in the $2-3 range. However, it is possible that companies listing under these lower standards may become "penny stocks."


To address this, new Nasdaq interpretive guidance (IM-5505) provides that an issuer listing under the alternative price requirements may become a "penny stock" if the issuer fails the net tangible assets and revenue tests after listing and does not satisfy any of the other exclusions from being a penny stock contained in Rule 3a51-1 under the Exchange Act. Nasdaq will monitor issuers whose securities are listed under the alternative price requirement, and publish on its website on a daily basis a list of those companies that no longer satisfy the net tangible assets or revenue tests, nor any other exclusion from being a penny stock. If a security subsequently has a $4 closing price for at least five consecutive business days, it can be reevaluated under the regular Nasdaq qualitative and quantitative initial listing standards and deemed listed under these standards. Nasdaq has represented that its review of the issuer's compliance at this stage will be "robust" and "wholesale." In addition, Nasdaq has represented that enhanced surveillance procedures will be used to monitor anomalous trading in securities listed under these alternatives.


With Nasdaq now competing with NYSE Amex for listings in the $2-3 range (and the relaxed registration requirements under the IPO "on-ramp" provisions of the JOBS Act), mid-sized IPO candidates have additional options for accessing the capital markets.



http://www.lexisnexis.com/community/corpsec/b...dards.aspx

















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