THE NEW ISSM!!!! Message Board

STOCKTALK

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 : THE NEW ISSM!!!!

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: David Sirk who wrote (391)	2/3/1999 11:15:00 PM
From: Brander	Read Replies (1) of 915

Here are a couple of requirements that you left out: (3) For initial inclusion, the issuer shall have an operating history of at least one year or market capitalization of $50 million. (4) For initial inclusion, common or preferred stock shall have a minimum bid price of $4 per share. For continued inclusion, the minimum bid price per share shall be $1. These are not just snap shot, one day figures. Nasdaq must see that these minimal requirements are an established baseline, over time. In addition, they must be fully reporting to the SEC, which takes time. I have seen other BB companies attempt to jump to Nasdaq. It is very difficult and takes months (a very generous statement). Since they are using the ISSM "shell", Nasdaq and the SEC will not look at them as a "new" company.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next