Re: NASDAQ Listing (speaking frankly)
JDN,
You are certainly correct that as of last quarter, ALYD did not meet the equity minimum requirement for the NMS. However, 1) there is no minimum for small cap, 2) perhaps they will have met it this quarter, and 3) perhaps there is some exemption because of market cap and the number of shareholders, but I'm not sure.
We are getting very close to the August 15 deadline for 2Q filings, so I would suspect the SEC would just as soon see the real 2Q numbers at this point then use ALYD's projections. Therefore, one would think it imperative for ALYD to get those numbers ready and/or released. If not, then, from what (little) I understand, they run the risk of being another quarter behind in the SEC's eyes. Of course, with new numbers may come new questions and thus more delay anyhow.
After the the SEC finally gives its blessing, then NASDAQ has to act on the application. Will this be two weeks or six months? Who knows.
Bottom line, I'm as impatient as the next person on ALYD getting listed. However, I'm not checking the wires every day and/or buying ALYD stock simply because I want to turn around and make a quick buck if they do get listed. Therefore, I'm just counting on the fact that they will be listed someday relatively soon and the stock price will continue to rise as more contracts are announced.
- Jeff |
