To: Gary s Gilbert who wrote (681 ) 10/31/1998 1:25:00 AM From: Theodore G. Gresch Read Replies (1) | Respond to of 1622
Gary, Hype my ass! Attached are the listing requirements. Tell me how FXWA does not meet the requirements? Remember, they only need to meet one requirement in each stated field so don't even bother talking about the balance sheet. Sorry for the way this pasted. You can go to the link instead. The Nasdaq SmallCap Market Requirements Requirements Initial Listing Continued Listing Net Tangible Assets1 Market Capitalization Net Income (in latest fiscal year or 2 of last 3 fiscal years) $4 million or $50 million or $750,000 $2 million or $35 million or $500,000 Public Float (shares)2 1 million 500,000 Market Value of Public Float $5 million $1 million Minimum Bid Price $4 $1 Market Makers 3 2 Shareholders (round lot holders)3 300 300 Operating History4 Market Capitalization 1 year or $50 million N/A Corporate Governance Yes Yes -------------------------------------------------------------------------------- 1For initial or continued listing, a company must satisfy one of the following to be in compliance: the net tangible assets requirement, (net tangible assets means total assets, excluding goodwill, minus total liabilities) the market capitalization requirement or the net income requirement. 2Public float is defined as 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. 3Round lot holders are considered holders of 100 shares or more. 4If operating history is less than 1 year, initial listing requires market capitalization of at least $50 million.