Nasdaq-this(the part farther below) was my commentary 5-21-12.
I dont know whether they will uplist to Nasdaq or OTCBB-the 2 year operating history necessary for equity standard will be met soon. Stocks are not my forte but applying to Nasdaq for name change is not necessarily indicative of imminent Nasdaq listing.
My sense is that if you intend to be on Nasdaq eventually you would apply to Nasdaq even if you are intending to uplist to OTCBB-notice the Nov 22 2010 PR re that when they still werent sure whether they would eventually end up on Nasdaq or Dax-though the timing of the announcement is interesting -coming up on the 2 year operating history standard which would finally make it possible to uplist to Nasdaq ...and w Bao's backing...
Uplisting to either OTCBB or Nasdaq would be great-the higher the listing the larger the investment pool and the fewer mm/broker/dtc/otc/shorter games-on Nasdaq would leave the otc/dtc games behind and much of the mm/broker/shorter games-including brokers outright hostility to penny stocks.
I wrote in May:
[Prior to this announcement] I was still looking for an uplisting to OTCBB as per May 26 2011 PR but as per new Nasdaq standards
IF IF IF CWRN had a pps of 3 dollars,they would soon qualify-as far as I can see, under the 1) equity standard because they will have a 2 year operating history as of somewhere from August to Nov 5, 2012 as production began Aug 2010 and the Nov 5 2010 PR announced full production.
2)and the net income standard as net income was far beyond the 750k standard-net income from each order and or ship exceeds that as per publicly posted spot prices and jr miners costs
and would qualify under the $2 pps standard except for the 50 million market value of stock
This change in Nasdaq listing requirements had CWRN and its lawyers excited in a meeting when this became public knowledge as previously reported by Rocket?
Doesnt mean CWRN will be on Nasdaq very soon but makes it far more attainable-
Would need either a 2 year operating history under the 3 dollar standard or a 50 million market cap under the 2 dollar standard-either way would require a r/s but doing so for an uplisting is a completely different thing than the r/s pennytraders are familiar with-and uplisting will put srtrong upward pps pressure due to vastly increased pool of investors and due to escaping much of the manipulation of pink stocks.
Longs-am I missing anything? Almost feels like I might be -but on its face as per the new quoted listing standards, if there are no other standards for 2 or 3 dollar pps other than which is listed,there shouldnt be any other listing roadblocks.
