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William, Yes, there was some discussion about financial filings and NASDAQ listing (I wish I had taken notes). Apparently (give me a little slack here, I am relying solely on memory), fully reporting status requires 3 years of audited financials. This is being done, I believe, but real-world being what it is, has taken longer than anticipated. CEO indicated that nothing new or different from public information expected here, just a matter of getting it done by the numbers. As to NASDAQ listing, small cap or otherwise, there are a number of listing requirements (perhaps someone on the thread more knowledgeable can elaborate) such as market capitalization, etc, which are largely out of the hands of management, so this may happen sooner or later, but I got the impression that they (management) felt that their energies were better spent growing the business and development and marketing their impressive line of products than worrying about this stuff. In other words, they take care of business, and let the other things happen as they will. Made sense to me, after all, they are in the business of developing and marketing educational software, not promoting the stock. That being said, management holds a large percentage of the outstanding stock, so they have a vested interest in the success of the company, as reflected in the common stock. Sorry to be so vague, but I am not a numbers type of person, but I was satisfied with both their stated financial situation and their business plan. Hope this helps. Best Wishes, John Rowe |
