SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!!
DGIV 0.00Dec 5 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Secret_Agent_Man who wrote (17907)7/12/1998 2:57:00 PM
From: paulmcg0  Read Replies (6) of 50264
 
As it stands right now DGIV would have to do at least a 1:2 reverse split to meet the listing requirements for Nasdaq.

Let's review the requirements for listing on the Nasdaq SmallCap market:

* The company has to file financial reports with the SEC.

* The company has to have at least one of the following: 4 million dollars worth of tangible assets -or- market capitalization of 50 million dollars -or- annual sales of at least 750,000 dollars.

* There has to be at least 1 million shares in the float.

* The float has to have a value of at least 5 million dollars.

* The minimum bid price has to be at least 4 dollars a share

* There have to be at least 3 market makers [here's a tip for fun: find out who the market maker is for the stock, then go to the NASD Regulation site, nasdr.com and obtain the disciplinary record for the MM -- it'll look like a police "rap sheet"!]

* A minimum of 300 shareholders are required.

* A board of directors is required.

A company also has to maintain these conditions in order to stay listed. The OTC BB has a list of companies each day that have been added to the OTC BB because they've been delisted from another exchange.

So, does DGIV qualify for listing? They filed for a listing 2 years ago, and are still not listed. What's the delay?

Paul M.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News