To: Kurt_Ruckus who wrote (366 ) 6/5/1998 7:42:00 AM From: H-Man Read Replies (1) | Respond to of 1084
<off topic... a SteamRoller post> Excellent points. I think that the point about getting to a NASDAQ listing has got to be a key goal. Lets face it, we invest to make money. How do you make money if you never sell ?. What I think might work, is getting a stock to be listed in the nasdaq so that, larger, non bb investors can get in, and then, hopefully, take the company to new levels. At that point the original investors can sell some, make a profit AND retain a long term investment. I'm not naive, I know how very difficult that will be. The most difficult part is to find the company that is capable of that status. i.e. real products, a market for them, company management and share parameters required by nasdaq. Having that, can ride out the inevitable storms of Days, shorts and double dumpers. There is more to the listing than the share price, things like market cap, number of shares and various permutations thereof. I have a sysnopsis of nasdaq listing requirements somewhere. I think they came from GaBard. When I find them again, I'll post. I suggest that this is one of the things we should be able to recite in our sleep. Furthermore to have a realistic shot at a nasdaq listing, and to be able to instill the confidence of that fact to investors, it means that the company must be scrupulously dd'd, ala MIDL. This imo, takes weeks, not days. Then the nays come and get smacked down hard, again ala MIDL and Gabard. Also, a BTS style may be appropriate. At some point, assuming we have a good pick, the price is going to 2, 3 or 4x. This will be noticed and jumped on. A fact of life. We should have a strategy to deal with it. I like BTS. Anyway, just some thoughts. Maybe we better take this discussion to another thread...