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Non-Tech : Don't abuse it, reuse it! ARCI makes the big comeback.
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To: Jim Mac who wrote (48)3/5/2000 9:36:00 PM
From: Jim Mac   of 60
 
ARCI needs only three easy things to be relisted on NASDAQ Small Cap Market in 2001:

**From NASDAQ requirements in post #48**

1C)Net Income in latest fiscal year: $750,000

3)Market Value of Public Float: $5 million

4)Minimum Bid Price: $4

ARCI is currently in compliance with 5 of 8 NASDAQ SmallCap Market listing requirements:

2)Public float is 1 million shares or more
5)ARCI has at least 3 market makers I assume since they were in compliance in late 1998
6)ARCI has over 300 roundlot shareholders
7)ARCI's operating history exceeds one year
8)ARCI complies with SEC corporate governance rules

ARCI should easily meet the other three requirements in 2000 thusly:

1C)ARCI should earn $1.3 - $1.5 million, or about $0.50 per share this year

3)If ARCI accomplishes 1C, stock should rise to $5+, raising the market value of public float (1.4M+ shares) to $7 million

4)With stock consistently in the $4-5 range, minimum bid requirement will be met

**Note** If all goes according to plan, and stock trades for $4-5 range consistently, ARCI can issue 10% more shares and raise $1.5 million in working capital, or even 20% more shares and raise $3 million, which would bump current ratio up to 2:1 and raise equity to almost $5 million, or around $1.50 per share. Diluted shares outstanding would rise from current 2.7M to maybe 3.5M assuming 20% issue and 125,000 or $2.50 warrants from 1998 factored in. Big cash infusion with little shareholder dilution.

All systems go for stock liftoff to $5-10 in 2000 and relisting in 2001.

GO ARCI!
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