Being listed on the NMS is not the most important thing in the grand scheme of things. Building a solid company based on lucrative products that are in high demand and turning those products into revenues and earnings is.
My personal opinion about the NMS issue is that it is being held subject to a full investigation into the claims made by Business Week and Barrons (this is only my opinion). They meet all the requirements, with the exception of the stock price now(might be able to get that one grandfathered in though). Being that NASD is supposed to be looking out for the investor, it would be remiss of them to let FIBR trade up to the NMS without doing a thorough investigation into those claims that have been made. Being NASDAQ is a large bureaucratic organization, I imagine this will take a lot longer than we would like. On the bright side, after over 1 year, it doesn't appear that they've found anything to confirm the claims that have been made and if there really was something there, I would think they would have found it by now. Again, this is all based on what I think may be going on and may vary substantially from what is really holding it up, but it is the only logical explanation I can think of.
Par mentioned on the conference call that if they were turned down by NASDAQ, it would have been a disclosable event and they would have disclosed it. Again, setting himself up for a potential lawsuit if they had been denied.
Bottom line again, is that their new products are hitting the market and appear to be filling a large demand, which leads me to believe that revenues and earnings will ramp up starting with this quarter. If they can demonstrate that that statement is true, then the stock price and the NMS listing stuff will fall into place to the long's advantage. |
