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To: ISOMAN who wrote (1262)8/1/1998 1:57:00 AM
From: mark cox  Respond to of 2452
 
Nasdaq listing requirements.

I just looked up the listing requirements and once the audit is done and we have become a reporting company, the following is what will be needed.

To get on the Nasdaq Small Cap Market all of the requirements would be met when the stock price attains $4.00 They will bypass the $4 million in net tangible assets needed by having a market cap of over $50 million.

nasdaq.com

To get on the Nasdq National Market all of the requirements would be met when the stock price attains $5.00 this would meet all of the minimum requirements of the initial listing option #3.

nasdaq.com

The first hurdle is supposed to be met in 30 days. Personally I am counting on 45 days seeing as this is the first audit being done and there could be some delays. I really wish the company had been conservative with their date and said 60 days because if the stated 30 days come and go without the audit completion it may rattle some investors. The completed audit in itself should bring in a lot of new investors. It was gut wrenching to me purchasing this stock without analyzing any financial reports. Those of us who took the early risk should reap the greatest reward. Hopefully if the audit numbers look alright and some more big contracts are announced over the next 2 months, we will get that $5.00 per share price. Once we get on the National Market all hell could break loose.

Like Sai P. Yandamuri said:

"1998 revenues will be 5 millions whereas 1999 revenues could be as high as 50 million(atleast 40 million plus)."

Revenue growth of 1000%, which I have never heard of in any company, should attract some attention. With a price to sales ratio of only 5 with that kind of growth we would have a stock price of $10.00 with 25 million shares out.

Mark