The Financial Listing Requirements For TSE "Industrial Companies" are as follows:
a) i) net tangible assets of $1,000,000.00
ii) earnings of at least $ 100,000.00 befor taxes and extraordinary items. in the fiscal year immediately preceeding the filing of the listing application.
iii)pre-tax cash flow of $ 400,000.00 in the fiscal year immediately preceding the filing of the listing application; and
iv)adequate working capital and capitalization to carry on the business.
OR
b) i) net tangible assets of $5,000,000.00
ii) evidence , satisfactory to the exchange, indicating a reasonable liklihood of future profitability; and
iii)adequate working capital and capitalization to carry on the business.
OR
c) i) earnings of at least $200,000.000.00 befor taxes and extraodinary
items, in the fiscal year immediately preceding the filing of the listing application;
ii) pre-tax cash flow of $ 500,000.00 in the fiscal year immediately preceding the filing of the listing application; and
iii) adequate working capital and capitalization to carry on the business.
( Directly quoted from the TSE listing requirements manual. For more information contact the TSE ph# (416) 947-4533)
I hope this will assist you in determining the likelihood of Unitec achieving a TSE listing in the near future. It does not seem to me to be too unrealistic to expect such performance from Unitec; given the orders on hand and backlog of RFQ's. I am suprised to find that the TSE listing requirements are do not stipulate a share price of over a certain $ as the NASDQ certainly does. If anyone has the NASDQ requirements I would be very interested in seeing them.
thanks, DBT. |
