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 : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: M. M. Jones who wrote (3850)	6/6/1998 2:19:00 PM
From: M. M. Jones	Read Replies (1) \| Respond to of 4736

Will NAMX debut on the NYSE? New listing requirements for the NYSE have been approved by their board. At present a company like NAMX can list with only $6.5 million earned over the previous three year period. As much as $4.5 million can come from the most recent year, with positive earnings in the prior two years. Net tangible assets of $40 million are required. Under these standards, NAMX -- with luck -- could list early in 2001, assuming earnings this year and a total of 6.5 million in earnings from 1/1/98 through the end of the year 2000. The new standards will require at least $15 million in earnings over the previous three years, with no loss in the previous two years. NAMX could list on the NYSE early in 2000 assuming no earnings last year, and a total of $15 million in earnings this year and next. Listing candidates will be required to have a market capitalization (excluding stock owned by employees, officers and concentrated shareholders) of $60 million for an IPO, and a stockholders' equity of $100 million instead of the old requirement of $40 million in net tangible assets. WSJ, 6/5/98 p. C-1