The sales and production have been increasing grea
Post# of 75002
which is a good thing...
I like the trajectory and hopefully sales start to increase in multiples.
some challenges I see:
the pink sheets and the OTC in general are dead to the world..
this isn't your dad's OTC. no one(mostly) trades on it anymore..
even if we had some blockbuster news the odds are that it will only be an opportunity for some debt to be financed or off loaded.
the goal is to get on a respected exchange where all stock can be freely traded by all brokerages.
another challenge is the current S/S...
when we had the last R/S 3 years ago.
the share count was under 100 mil.
we are now at 800m + with 1 bill cap.
this creates a ceiling of sorts.
in order to get past this..IMO.. we will need very increasing /massive sales and a strong plan by mgmt to take the company public on a respected exchange..-impossible- no ..hard to do.. Yes..
this could happen.. but there will have to be another "share modification" to move up to a new exchange.
Nasdaq needs a $3-$4 share price for listing :
5505. Initial Listing of Primary Equity Securities
A Company applying to list its Primary Equity Security on the Capital Market must meet all of the requirements set forth in Rule 5505(a) and at least one of the Standards in Rule 5505(b).
(a) Initial Listing Requirements for Primary Equity Securities:
(1) (A) Minimum bid price of $4 per share; or
( Minimum closing price of $3 per share, if the Company meets the requirements of the Equity or Net Income Standards under Rules 5505(b)(1) or (b)(3), or of $2 per share, if the Company meets the requirements of the Market Value of Listed Securities Standard under Rule 5505(b)(2), provided that in either case the Company must also demonstrate that it has net tangible assets (i.e., total assets less intangible assets and liabilities) in excess of $2 million, if the issuer has been in continuous operation for at least three years; or net tangible assets in excess of $5 million, if the issuer has been in continuous operation for less than three years; or average revenue of at least $6 million for the last three years. A security must meet the applicable closing price requirement for at least five consecutive business days prior to approval.
For purposes of this paragraph (, net tangible assets or average revenues must be demonstrated on the Company's most recently filed audited financial statements filed with, and satisfying the requirements of, the Commission or Other Regulatory Authority, and which are dated less than 15 months prior to the date of listing.
(2) At least 1,000,000 Unrestricted Publicly Held Shares;
(3) (i) At least 300 Round Lot Holders; and (ii) at least 50% of such Round Lot Holders must each hold Unrestricted Securities with a Market Value of at least $2,500; provided that (ii) shall not apply to a Company whose business plan is to complete one or more acquisitions, as described in IM-5101-2;
(4) At least three registered and active Market Makers;
(5) If the security is trading in the U.S. over-the-counter as of the date of application, such security must have a minimum average daily trading volume of 2,000 shares over the 30 trading day period prior to listing (including trading volume of the underlying security on the primary market with respect to an ADR), with trading occurring on more than half of those 30 days, unless such security is listed on the Exchange in connection with a firm commitment underwritten public offering of at least $4 million; and
(6) In the case of ADRs, at least 400,000 issued.
(b) Initial Listing Standards for Primary Equity Securities:
(1) Equity Standard
(A) Stockholders' equity of at least $5 million;
( Market Value of Unrestricted Publicly Held Shares of at least $15 million; and
(C) Two year operating history.
(2) Market Value of Listed Securities Standard
(A) Market Value of Listed Securities of at least $50 million (current publicly traded Companies must meet this requirement and the price requirement for 90 consecutive trading days prior to applying for listing if qualifying to list only under the Market Value of Listed Securities Standard);
( Stockholders' equity of at least $4 million; and
(C) Market Value of Unrestricted Publicly Held Shares of at least $15 million.
(3) Net Income Standard
(A) Net income from continuing operations of $750,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years;
( Stockholders' equity of at least $4 million; and
(C) Market Value of Unrestricted Publicly Held Shares of at least $5 million.