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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU) -- Ignore unavailable to you. Want to Upgrade?


To: Brady B. who wrote (16479)11/30/1998 9:13:00 PM
From: wlcnyc  Respond to of 18444
 
Yes, and the initial listing requirement for AMEX is $3.00 share!

nasdaq.com

Listing Guidelines for U.S. Companies

Regular Financial Guidelines

Pre-tax income $750,000 latest fiscal year or
2 of most recent 3 years
Market value of public float $3,000,000
Price $3
Operating history ---
Stockholders' equity $4,000,000

Alternate Financial Guidelines

Pre-tax income ---
Market value of public float $15,000,000
Price $3
Operating history 3 Years
Stockholders' equity $4,000,000

Distribution Guidelines
(applicable to regular and alternate guidelines)

Alternative 1

Public float 500,000
Public Stockholders 800
Average daily volume ---

Alternative 2

Public float 1,000,000
Public Stockholders 400
Average daily volume ---

Alternative 3

Public float 500,000
Public Stockholders 400
Average daily volume 2,000

Regarding Alternate Listing Guidelines
It is recognized that certain financially sound companies are unable to meet fully the Exchange's regular listing criteria because, for example, of the nature of their business, or because of continuing large expenditures of funds for research and development. Such companies may, however, qualify for listing provided they meet the numerical criteria outlined above, have sufficient financial resources to continue operations over an extended period of time, and are otherwise regarded as suitable for Exchange listing.

Initial Public Offerings
In certain circumstances, the Amex may approve an issue for listing "subject to official notice of issuance" immediately prior to effectiveness of the company's initial public offering.

While the Exchange has not adopted special criteria for IPOs, added emphasis is placed on the company's financial strength and its demonstrated earnings history and/or outlook.





To: Brady B. who wrote (16479)11/30/1998 9:43:00 PM
From: PartyTime  Read Replies (1) | Respond to of 18444
 
Whoops! Next post up, Bill answered the question I originally asked: What are AMEX requirements? So I've edited and amended this post.

Rather than leave you with a blank, I guess I'll comment.

Looks to me like we're going to apply for AMEX based on the three-dollar entry bid. Common sense.



To: Brady B. who wrote (16479)11/30/1998 10:04:00 PM
From: PartyTime  Respond to of 18444
 
AOL or Cable & Wireless Optus and ZuluGroup.com? Quite a thought.

As you longterm Zulu watchers know, Ozemail, LTD has a small and limited stake in ZuluMedia, along with Softbank Holding and the ex-SIMers. So look who may now be coming to ZuluGroup.com dinner table

>>>Shares in OZEMAIL LTD surged after speculation of a takeover bid by AMERICA ONLINE or CABLE & WIRELESS' Cable and Wireless Optus Ltd pushed its U.S. listed shares sharply higher late on Friday. "There was speculation of a raid in the United States, so it's kicking on from that," broker Tony Russell of Morgan Stockbroking said. A spokesman for AOL Australia told Reuters the company had a policy of not commenting on rumours and market speculation. A spokeswoman for Ozemail was not immediately available for comment and nor was anyone from C&W Optus. (Reuters 07:02 PM ET 11/29/98)
*** Also See ***
infobeat.com;

This could make Zulu life a little more interesting. Any comments?