this topic is naturally recycled often by bashers as usual
there are quite a few companies who fall below the min bid price and then take corrective measures either via operations to show value or meet alternative qualifications -which would give them ANOTHER 180 days to correct
and somehow some companies are able to stay listed on the big board they were on for years-i previously posted an example of a co below one dollar bid for over 5 years-an oil and gas co hq in dallas just like zn
i posted the info below before
the sky is not falling- zn had 180 days from the notice to raise bid pps to 1 dollar or move to another qualifying sector of the nasdaq- assuming they meet market value requirements etc of the alternative qualification
and as a last resort they can always r/s if they want to remain on the big boards rather than the otcqx (min bid pps of .25)
btw,theres nothing wrong w the otcqx either- walmart of mexico and adidas are examples of co's that were on the otcqx- which contains many foreign blue chips- bc despite having the near equivalent reporting information it is much cheaper to list on the otcqx-doesnt require a 150k/yr listing price and only requires 25c pps
btw,companies who invested in zn due to its nasdaq status are not required to dispose of zn stock if if if that happened
every companies wish is that they will be able to show value sufficient to bring pps to 1 dollar during these time frames rather than r/s (which is not the disaster some always portray)-
r/s has a nasty connotation bc of the occurrence in companies where pps falls to .0001 so the co will r/s to raise money via stock issuance bc the company has no other way to raise money-those .0001 companies sometimes dont even have a product and are just a shell with no assets-
zn is not in that company- but those who immediately jump on the r/s bandwagon are implying zn is-which is a great insult to zn and all the hard work they are doing daily as a real non-shell co spending millions to show value
if other activities raise the pps or if the 3d survey makes a good case for a reservoir,there is a good chance the min bid pps will reach one dollar for 10 days-and then restart the clock
and then before that clock runs out there is a good chance that zn could reach whatever reservoir is identified by the 3d
some always forget there is 2 sides to a story
so as in the link below zn feels it has answered that question-in the link below zn notes they have 180 days to raise pps or slide to another qualifying segment of the nasdaq market based on market value- and if that doesnt work -and zn will be watching the min bid -as a last resort zn can r/s to remain on the nasdaq
those who immediately jump on the r/s option are betting on failure -they are the same who call zn a scam
they are betting that all of zn's efforts to show value will fail-
https://www.otcmarkets.com/filing/html?id=131...qxrs0NjJyh
there are quite a few companies who fall below the min bid price and then take corrective measures either via operations to show value or meet alternative qualifications -which would give them ANOTHER 180 days to correct
and somehow some companies are able to stay listed on the big board they were on for years-i previously posted an example of a co below one dollar bid for over 5 years-an oil and gas co hq in dallas just like zn
i posted the info below before
the sky is not falling- zn had 180 days from the notice to raise bid pps to 1 dollar or move to another qualifying sector of the nasdaq- assuming they meet market value requirements etc of the alternative qualification
and as a last resort they can always r/s if they want to remain on the big boards rather than the otcqx (min bid pps of .25)
btw,theres nothing wrong w the otcqx either- walmart of mexico and adidas are examples of co's that were on the otcqx- which contains many foreign blue chips- bc despite having the near equivalent reporting information it is much cheaper to list on the otcqx-doesnt require a 150k/yr listing price and only requires 25c pps
btw,companies who invested in zn due to its nasdaq status are not required to dispose of zn stock if if if that happened
every companies wish is that they will be able to show value sufficient to bring pps to 1 dollar during these time frames rather than r/s (which is not the disaster some always portray)-
r/s has a nasty connotation bc of the occurrence in companies where pps falls to .0001 so the co will r/s to raise money via stock issuance bc the company has no other way to raise money-those .0001 companies sometimes dont even have a product and are just a shell with no assets-
zn is not in that company- but those who immediately jump on the r/s bandwagon are implying zn is-which is a great insult to zn and all the hard work they are doing daily as a real non-shell co spending millions to show value
if other activities raise the pps or if the 3d survey makes a good case for a reservoir,there is a good chance the min bid pps will reach one dollar for 10 days-and then restart the clock
and then before that clock runs out there is a good chance that zn could reach whatever reservoir is identified by the 3d
some always forget there is 2 sides to a story
so as in the link below zn feels it has answered that question-in the link below zn notes they have 180 days to raise pps or slide to another qualifying segment of the nasdaq market based on market value- and if that doesnt work -and zn will be watching the min bid -as a last resort zn can r/s to remain on the nasdaq
those who immediately jump on the r/s option are betting on failure -they are the same who call zn a scam
they are betting that all of zn's efforts to show value will fail-
https://www.otcmarkets.com/filing/html?id=131...qxrs0NjJyh
