this was posted on the DD board !!
this was posted on the DD board !!
bearspread Monday, September 09, 2013 3:26:23 PM
Re: None Post # of 50267
CDFT and meeting NYSE ALT volume requirements
NYSE Alt listing criteria require an ave of 2K per day over the 6 months prior to application. It's obvious the approx 35K shares traded since Nov divided by the number of trading days falls just a weeeee bit short of that requirement.
However, could CDFT management attempt to slime their way into meeting the criteria. If the herd gets excited enough, all they need to "average" 2K is probably somewhere around 500K total over a few sessions. There's nothing in the requirement which states the ave must be per day everyday - correct? Thus, the game would be to keep walking the PPS up. Pick a PPS $20... $50, doesn't matter. Then announce some Earth shaking nonsense news, with paid pumpers standing by urging the herd to buy at 2.50. Volume shoots up, the 6 month average hit, and CDFT has quickly met the ave per day requirement of 2K above $2.
Yeah, I know, I'm ignoring the 10Q suggests there are only 243 shareholders of record. Also, despite the irrational excitement on the CDFT forum, the Sheep believe they are going to sell for 2.50 instead of buy more at that price. But it seems possible if huge volume is generated, the stock could average 0 shares for most of 6 months, and then meet the average requirement in just a few days of smoke in the sky trading .
Citadel EFT Inc (CDFT) Stock Research Links
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