(Total Views: 831)
Posted On: 09/09/2020 12:56:41 PM
Post# of 85944
From 4C... UNVC Conglomerate NASDAQ
link also attached SPOTIFY did this process NYSE interesting
A Direct Listing on NASDAQ Global as a newly formed UNVC Conglomerate, the 'old' UNVC gets rolled in as part of the new company along with any other entities. Share structure transferred from the 'old' UNVC, or shares issued via the existing NOBO list (Non-Objecting Beneficial Owners). Doc has apparently been acting as his own Transfer Agent, which would make this process relatively straightforward.
IF the various company values often touted are correct (Health Resources, PPSI, Wellness RX etc), they would likely qualify in terms of shareholder equity, public float, number of shareholders, and overall assets.
They would not qualify for a regular exchange uplist, nor a traditional IPO due to the minimum PPS requirement - but Direct Listing effectively nullifies any minimum PPS. Initial estimated share price would be set by an accredited independent third party, and trading minimums would have to be met within a negotiated period.
The Direct Listing does not require the company to raise capital as in a traditional IPO, in fact, there are no 'new' shares on offer - and as such there would be no lockout period for existing shareholders - the exchange would actually rely on those shares to begin trading, and the initial price discovery would be market-driven.
It is possible to apply for a Direct Listing 'confidentially', so if it were in process we would have no way of knowing it until either (A) Cold open on NASDAQ, or (
Registration Statement is filed 15 days prior to some kind of 'investor day', as required by NASDAQ regulations when promoting the stock to the public and institutional investors prior to open trading.
If the good Doc was pursuing a Direct Listing on the above basis, there would also be no need to get the existing UNVC current and reporting - and may also explain why 'Conglomerate Inc' has not been officially added to the existing ticker.
This is the only plausible route to an upper exchange I can currently see - if it were to actually happen I would also expect a barrage of PR's coinciding with launch - CARF, VA, Euromed, Telehealth, partners and alliances, new and upcoming products, extended services etc etc. This would create a liquid market for the shares on the first day of trading, and generate demand from institutional investors and hedge funds.
https://www.cnbc.com/amp/2018/05/22/spotifys-...ssion=true
link also attached SPOTIFY did this process NYSE interesting
A Direct Listing on NASDAQ Global as a newly formed UNVC Conglomerate, the 'old' UNVC gets rolled in as part of the new company along with any other entities. Share structure transferred from the 'old' UNVC, or shares issued via the existing NOBO list (Non-Objecting Beneficial Owners). Doc has apparently been acting as his own Transfer Agent, which would make this process relatively straightforward.
IF the various company values often touted are correct (Health Resources, PPSI, Wellness RX etc), they would likely qualify in terms of shareholder equity, public float, number of shareholders, and overall assets.
They would not qualify for a regular exchange uplist, nor a traditional IPO due to the minimum PPS requirement - but Direct Listing effectively nullifies any minimum PPS. Initial estimated share price would be set by an accredited independent third party, and trading minimums would have to be met within a negotiated period.
The Direct Listing does not require the company to raise capital as in a traditional IPO, in fact, there are no 'new' shares on offer - and as such there would be no lockout period for existing shareholders - the exchange would actually rely on those shares to begin trading, and the initial price discovery would be market-driven.
It is possible to apply for a Direct Listing 'confidentially', so if it were in process we would have no way of knowing it until either (A) Cold open on NASDAQ, or (
Registration Statement is filed 15 days prior to some kind of 'investor day', as required by NASDAQ regulations when promoting the stock to the public and institutional investors prior to open trading. If the good Doc was pursuing a Direct Listing on the above basis, there would also be no need to get the existing UNVC current and reporting - and may also explain why 'Conglomerate Inc' has not been officially added to the existing ticker.
This is the only plausible route to an upper exchange I can currently see - if it were to actually happen I would also expect a barrage of PR's coinciding with launch - CARF, VA, Euromed, Telehealth, partners and alliances, new and upcoming products, extended services etc etc. This would create a liquid market for the shares on the first day of trading, and generate demand from institutional investors and hedge funds.
https://www.cnbc.com/amp/2018/05/22/spotifys-...ssion=true
(26)
(0)Scroll down for more posts ▼
