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Microcap & Penny Stocks : LifeOne, Inc. (LONE)
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To: Mr. Jens Tingleff who wrote (217)3/28/1999 8:51:00 PM
From: Bobb  Read Replies (1) of 1834
 
Mr. Jens,

Thank you for providing the link. I was thinking (dreaming) of LONE on the NASDAQ National Market, which indeed does have an initial listing requirement for a stock price. The stock must be bid at at least $5. The requirements for the small cap market, which is only marginally more attractive to a lot of investors than the OTC:BB is $4.

The link for the national market is nasdaq-amex.com

There are some other requirements for the NASDAQ like having at least 1.1 million share float, 2-3 years of operations, corporate governance all of which I think LONE would meet. Some other requirements like having 400 shareholders and $6 million minimum in tangible assets and $1 million pretax income, I'm not so sure of. There are actually a combination of requirements, so we can dispense with the income if the assets rise.

Others may care to weigh in on which if any requirements could be a hurdle.

I think one that may prove a small speed bump is the number of shareholders. Does LONE have 400 shareholders? Are there 400 of us lurking around someplace? Gosh, we should all get together at a bar someplace and share a drink. One drink, cause that's about all we can afford right now. (Hey, two weeks ago, I couldn't even pay for a glass of water.)

Bobb
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