Hello, William!
I was at the meeting with Ben and Matthew Shell last also.
Yes, there was much discussion of financial filings and listing on an exchange. Ben said that he has a sheaf of legal papers to review and sign off before HeartSoft becomes fully reporting. He may get it done next week, or in three months, but Ben wants to make very sure that everything is correct, so he will be very careful in this.
Ben seems to laboring under the impression that HTSF must have $50 million in market cap before it can be listed on the NASDAQ small cap.
If you read the requirements here at
nasdaq.com
you'll see that one of the "OR"s is $750,000 of revenues in two of the last three years. HTSF meets that requirement.
HTSF meets every requirement to be listed, aside from the $4 share price, which we had for a brief amount of time, and will acheive again soon.
We had a large contingent of momentum players climb on last month, and they have labored mightily to deflate the stock in the past two days. What they are doing is creating a buying opportunity for those who want in for the long term, and making all those Market Makers that are short the stock have a very good day, but at least they made big bucks, eh?
I'm still in will all my shares, I am not selling, and though I will take flak for not playing this bounce, that just isn't how I do things.
Cheers!
Rick |
