One the best take-aways of yesterdays CC was the n
Post# of 153941
(Total Views: 889)
Posted On: 05/27/2020 8:52:21 AM
One the best take-aways of yesterdays CC was the now real and soon-to-happen possibility that we will be up-listing.
What was mentioned was to list in Amex Qualification standard 4
So, what the CFO is trying to do is get the capitalization structure in place and apply to AMEX (NYSE-MKT.)
This will be huge for the SP. Why?? Because we don't have any institucional investors. The stock price is being maintained by little fish like you and me.
Currently we have 7 institucional investors (if we can call them institucional investors) with a sorry total of 10509565 shares (a bit more than 1% total).
The Big Boys normally can't invest in OTC companies:
Or, to emphasize this:
Some examples (somewhat old, but you get the point) from:
https://www.caseyresearch.com/daily-dispatch/...rtunities/
• RINO International (OTCPK:RINO) uplisted to the NASDAQ in July 2009 and initially saw its price jump 12% from $9.10 to over $10.19 the day the uplisting was announced. Since uplisting, the stock closed as high as $34.25 in November 2009 - more than 275% above its pre-NASDAQ price.
• Deer Consumer Products (OTCPK
EER) saw its stock trade up over 50% in one week following the announcement it was approved for listing on the NASDAQ. And it's currently trading about 70% above its split adjusted pre-NASDAQ price.
• China Bio Energy (OTCPK:CBEH) was trading at $5 in July 2009 and then jumped 10% on the day of its NASDAQ approval. It now trades at $11.37 - more than 125% above its pre-NASDAQ price.
• L&L Energy (NASDAQ:LLEN) is up 75% since it was uplisted to the NASDAQ in February, while the NASDAQ overall is only up 15% over the same period.
So, once we up list it is likely that we will have a large uptick in the SP price and INSTITUCIONAL investors will come into play. These guys buy millions of shares at a time and, knowing that we do, the price will be a far cry to what it is today.
What was mentioned was to list in Amex Qualification standard 4
Quote:
Standard 4 is useful for new companies or established micro companies. There are no stockholders’ equity amounts or pre-tax income minimums to meet. The market value of your stock float must be at least $20 million and your stock price can’t be below $3 a share. You can meet the market capitalization requirement in one of two ways. Your company’s market capitalization can be $75 million or higher, or your company’s total assets can equal $75 million and your revenue be $75 million or higher.
So, what the CFO is trying to do is get the capitalization structure in place and apply to AMEX (NYSE-MKT.)
This will be huge for the SP. Why?? Because we don't have any institucional investors. The stock price is being maintained by little fish like you and me.
Currently we have 7 institucional investors (if we can call them institucional investors) with a sorry total of 10509565 shares (a bit more than 1% total).
The Big Boys normally can't invest in OTC companies:
Quote:
Most institutional investors simply can’t (by charter) or won’t invest in OTC stocks. And since this is the case, research analysts are reluctant to initiate coverage on stocks prior being listed on a major exchange, contributing to the lack of demand for the stock. But as soon as an uplisting occurs, institutional money flows in and drives up price and volume.
Or, to emphasize this:
Quote:
- Although there are no guarantees, uplisting usually provides greater liquidity in the issuers stock
- Liquidity is increased by widening the purchasing audience especially for large institutions previously unable to buy stocks unless listed on the NYSE or NASDAQ.
- The market perception of uplisting is very bullish and encourages investor confidence and can be a significant boost to a stock's price from increased buying pressure.
Some examples (somewhat old, but you get the point) from:
https://www.caseyresearch.com/daily-dispatch/...rtunities/
• RINO International (OTCPK:RINO) uplisted to the NASDAQ in July 2009 and initially saw its price jump 12% from $9.10 to over $10.19 the day the uplisting was announced. Since uplisting, the stock closed as high as $34.25 in November 2009 - more than 275% above its pre-NASDAQ price.
• Deer Consumer Products (OTCPK
EER) saw its stock trade up over 50% in one week following the announcement it was approved for listing on the NASDAQ. And it's currently trading about 70% above its split adjusted pre-NASDAQ price. • China Bio Energy (OTCPK:CBEH) was trading at $5 in July 2009 and then jumped 10% on the day of its NASDAQ approval. It now trades at $11.37 - more than 125% above its pre-NASDAQ price.
• L&L Energy (NASDAQ:LLEN) is up 75% since it was uplisted to the NASDAQ in February, while the NASDAQ overall is only up 15% over the same period.
So, once we up list it is likely that we will have a large uptick in the SP price and INSTITUCIONAL investors will come into play. These guys buy millions of shares at a time and, knowing that we do, the price will be a far cry to what it is today.
(10)
(0)