Hi folks. That other site was up and running yesterday for a hour or so and I noticed the resident short was posting inaccurate info regarding a r/s.
He/she was posting NYSE policy for stocks when in fact Castle Brands Inc (ROX) is actually a AMEX stock and trades on the NYSE MKT which has different continued listing requirements.
The NYSE MKT is the NYSE’s emerging company marketplace for smaller-cap companies. NYSE MKT has lower listing requirements than the NYSE. The links below provide the specific information about both.
NYSE MKT CONTINUED LISTING STANDARDS
DISTRIBUTION CRITERIA
Required to meet
all
of the following public distribution criteria
(1)
:
•
Shareholders
300
•
Shares
200,000
•
Market value
$1MM
FINANCIAL CRITERIA
Required to meet
all
of the following*:
I.
$2MM in stockholders’ equity if reported losses from continuing operations and/or net losses in 2 of
last 3 fiscal years
II.
$4MM stockholders’ equity if reported losses from continuing operations and/or net losses in 3 of last
4 fiscal years
III.
$6MM in stockholder’s equity if reported losses from continuing operations and/or net losses in last 5
fiscal years
IV.
Financial condition of the company cannot be impaired
*The NYSE MKT will not normally suspend an issuer which is below criteria (I) through (III)
above if issuer is in compliance with
all
of the following:
•
1.1MM publicly-held shares
•
$15MM market value of publicly-held shares
•
400 round lot holders
•
$50MM market cap OR total assets & revenue of $50MM each in last fiscal year or 2 of last 3 fiscal
years
OTHER CONSIDERATIONS
NYSE MKT reserves the right to delist companies should any of the following occur:
•
Issuer ceases as an operating company or disposes of principal operating assets where issuer has
substantially discontinued business it conducted as the time it was listed
(3)
•
Liquidation of the issuer has been authorized
•
Advice has been received, deemed by the Exchange to be authoritative, that the security is without
value
•
Failure to comply with listing or other agreements with the Exchange and/or SEC requirements in
any material respect
•
Common stock sells for a low price for a substantial period of time and/or issuer fails to effect a
reverse split of such shares within a reasonable time after being notified of such potential actions by
the Exchange
•
Issuer or its management engage in operations which, in the opinion of the Exchange, are contrary
to the public interest
•
Issuer fails or refuses to pay, when due, any applicable NYSE MKT listing fees
https://www.nyse.com/publicdocs/nyse/markets/...ndards.pdf
One would think that an educated short would know the difference and not just a poor uneducated, uninformed, pickpocket, reprobate, but he/she continues to post inaccurate info and should be treated as such.
Ya'll know to who I refer to.
I was able to add and feel like that was a gift!
He/she was posting NYSE policy for stocks when in fact Castle Brands Inc (ROX) is actually a AMEX stock and trades on the NYSE MKT which has different continued listing requirements.
The NYSE MKT is the NYSE’s emerging company marketplace for smaller-cap companies. NYSE MKT has lower listing requirements than the NYSE. The links below provide the specific information about both.
NYSE MKT CONTINUED LISTING STANDARDS
DISTRIBUTION CRITERIA
Required to meet
all
of the following public distribution criteria
(1)
:
•
Shareholders
300
•
Shares
200,000
•
Market value
$1MM
FINANCIAL CRITERIA
Required to meet
all
of the following*:
I.
$2MM in stockholders’ equity if reported losses from continuing operations and/or net losses in 2 of
last 3 fiscal years
II.
$4MM stockholders’ equity if reported losses from continuing operations and/or net losses in 3 of last
4 fiscal years
III.
$6MM in stockholder’s equity if reported losses from continuing operations and/or net losses in last 5
fiscal years
IV.
Financial condition of the company cannot be impaired
*The NYSE MKT will not normally suspend an issuer which is below criteria (I) through (III)
above if issuer is in compliance with
all
of the following:
•
1.1MM publicly-held shares
•
$15MM market value of publicly-held shares
•
400 round lot holders
•
$50MM market cap OR total assets & revenue of $50MM each in last fiscal year or 2 of last 3 fiscal
years
OTHER CONSIDERATIONS
NYSE MKT reserves the right to delist companies should any of the following occur:
•
Issuer ceases as an operating company or disposes of principal operating assets where issuer has
substantially discontinued business it conducted as the time it was listed
(3)
•
Liquidation of the issuer has been authorized
•
Advice has been received, deemed by the Exchange to be authoritative, that the security is without
value
•
Failure to comply with listing or other agreements with the Exchange and/or SEC requirements in
any material respect
•
Common stock sells for a low price for a substantial period of time and/or issuer fails to effect a
reverse split of such shares within a reasonable time after being notified of such potential actions by
the Exchange
•
Issuer or its management engage in operations which, in the opinion of the Exchange, are contrary
to the public interest
•
Issuer fails or refuses to pay, when due, any applicable NYSE MKT listing fees
https://www.nyse.com/publicdocs/nyse/markets/...ndards.pdf
One would think that an educated short would know the difference and not just a poor uneducated, uninformed, pickpocket, reprobate, but he/she continues to post inaccurate info and should be treated as such.
Ya'll know to who I refer to.
I was able to add and feel like that was a gift!
