Silicon Investor (SI) -- The First Internet Community

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 : PFCK Gets $50 million cash infusion -- Ignore unavailable to you. Want to Upgrade?

To: Offworld who wrote (141)	3/26/1998 11:33:00 PM
From: Randall E Westberg	Read Replies (4) \| Respond to of 716

Hello Kieffer, To: LPasko (137 ) <<From: Douglas Kieffer Thursday, Mar 26 1998 2:22AM EST>> Reply # of 153 <<< LPasko Good Day, Couldn't this 10 mil be part of the original 50 mil promised and if so would they have to then issue more shares to Hawthorne. For anyone, Will PFCK have to maintain a stock level of 3.00 USD for 30 days to be put on the Nas as mentioned before in this thread ? what would be their way of making the stock less volitable >>> _______________________________________________________ Listing requirements for The Nasdaq SmallCap Market(sm): Summary of minimum requirements for initial listing, effective March 3, 1997: Net tangible assets1 of $4 million, or market capitalization of $50 million, or $750,000 in net income for two of the last three years Public float of one million shares2 $5 million market value for the public float 300 shareholders $4 minimum bid price Three market makers Operating history of one year or a market capitalization of $50 million Corporate Governance Standards such as: requiring a minimum of two independent directors on its board of directors; establishing and maintaining an audit committee with a majority of independent directors; holding an annual shareholders meeting; soliciting proxies for all meetings of shareholders; distributing annual and interim reports; utilizing the company's audit committee or a comparable body to review potential conflicts of interest; and requiring shareholder approval for certain actions 1 Net tangible assets are total assets less total liabilities and goodwill. 2 The public float consists of shares that are not held directly or indirectly by any officer or director of the issuer and by any other person who is the beneficial owner of more than 10 percent of the total shares outstanding. Doug, you seem like an intelligent person....read through the requirements and post your thoughts. _______________________________________________________ You know, I was just about to blow this whole thread and company off. On second thoughts, Let the party begin. _______________________________________________________ If you are looking for opinions on future price you have come to the right place!!! This is not a forum to discuss the company....PFCK ...the ticker seems to apply. Price is the issue not fundamentals....baby !!!