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Microcap & Penny Stocks : HeartSoft Incorporated (HTSF) -- Ignore unavailable to you. Want to Upgrade?

To: William Nehls who wrote (1164)	2/18/1999 10:22:00 AM
From: John Rowe	Respond to of 1781

William, Yes, there was some discussion about financial filings and NASDAQ listing (I wish I had taken notes). Apparently (give me a little slack here, I am relying solely on memory), fully reporting status requires 3 years of audited financials. This is being done, I believe, but real-world being what it is, has taken longer than anticipated. CEO indicated that nothing new or different from public information expected here, just a matter of getting it done by the numbers. As to NASDAQ listing, small cap or otherwise, there are a number of listing requirements (perhaps someone on the thread more knowledgeable can elaborate) such as market capitalization, etc, which are largely out of the hands of management, so this may happen sooner or later, but I got the impression that they (management) felt that their energies were better spent growing the business and development and marketing their impressive line of products than worrying about this stuff. In other words, they take care of business, and let the other things happen as they will. Made sense to me, after all, they are in the business of developing and marketing educational software, not promoting the stock. That being said, management holds a large percentage of the outstanding stock, so they have a vested interest in the success of the company, as reflected in the common stock. Sorry to be so vague, but I am not a numbers type of person, but I was satisfied with both their stated financial situation and their business plan. Hope this helps. Best Wishes, John Rowe

To: William Nehls who wrote (1164)	2/18/1999 11:21:00 AM
From: Richard L. Williams	Read Replies (1) \| Respond to of 1781

Hello, William! I was at the meeting with Ben and Matthew Shell last also. Yes, there was much discussion of financial filings and listing on an exchange. Ben said that he has a sheaf of legal papers to review and sign off before HeartSoft becomes fully reporting. He may get it done next week, or in three months, but Ben wants to make very sure that everything is correct, so he will be very careful in this. Ben seems to laboring under the impression that HTSF must have $50 million in market cap before it can be listed on the NASDAQ small cap. If you read the requirements here at nasdaq.com you'll see that one of the "OR"s is $750,000 of revenues in two of the last three years. HTSF meets that requirement. HTSF meets every requirement to be listed, aside from the $4 share price, which we had for a brief amount of time, and will acheive again soon. We had a large contingent of momentum players climb on last month, and they have labored mightily to deflate the stock in the past two days. What they are doing is creating a buying opportunity for those who want in for the long term, and making all those Market Makers that are short the stock have a very good day, but at least they made big bucks, eh? I'm still in will all my shares, I am not selling, and though I will take flak for not playing this bounce, that just isn't how I do things. Cheers! Rick