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4 hour drive from me, I’ll be buying a few just in case.
Heading in the same direction IMO
KAT never claimed to be uplisting, pumping flipper talk. OTC games
Nasdaq rules are very clear, read over the post and you will see there are many ways this company failed to meet listing requirements
These rules are there to protect from pump and dump scams, Nasdaq is not the OTC
Minimum 3 to 4 years, most likely not at all
Believing has nothing to do with Nasdaqs clear cut rules. Most of which NIHK fails to meet. Be happy about it, the rules are there to protect investors
Read post 8664 oh why they won’t for a minimum 3 years, ONLY IF they started meeting requirements today.
Which they can’t, so IMO not ever going to happen
Frank’s job was to remove CE, no need to pump more from it
I guess you haven’t read the requirements, I agree several companies have listed in much less than a year, however they meet all the 3 year requirements
This company is not even close on many of the requirements.
The requirements go back 3 years minimum, there are no shortcuts
I didn’t write them, facts are facts
Available all over the internet for anyone who cares to know the truth of the process
Nasdaq Not happening, company don’t meet many of the requirements for their past 3 years.
Listing Requirements for All Companies
Each company must have a minimum of 1,250,000 publicly traded shares outstanding upon listing, excluding those held by officers, directors, or any beneficial owners of more than 10% of the company.
The regular bid price of shares of the company's stock at the time of listing must be at least $4.00. However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.
There must be at least three (or four depending on the criteria) market makers for the stock. For companies using the $3 or $2 criteria, only two market makers may be required. Each listing firm is also required to follow NASDAQ corporate governance rules 4350, 4351, and 4360.
Companies must also have at least 450 round lot (i.e., 100 shares or more) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
As of 2020, a company must pay a $25,000 application fee before its stock can even be considered for listing, and it can expect to pay between $150,000 and $295,000 in entry fees if successful.
In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.2?
Standard No. 1: Earnings
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the previous two years at least $2.2 million, and no single year in the prior three years can have a net loss.
Standard No. 2: Capitalization With Cash Flow
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. Also, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.
Standard No. 3: Capitalization With Revenue
Companies can be removed from the cash flow requirement of the second standard if its average market capitalization over the past 12 months is at least $850 million and revenues over the prior fiscal year are at least $90 million.
Standard No. 4: Assets With Equity
Companies can eliminate the cash flow and revenue requirements, and decrease its marketing capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 million.
To stay listed on the Nasdaq, a company must continue to meet the minimum listing requirements or risk being delisted and removed from the Nasdaq exchange.
The Bottom Line
A company has four ways to get listed on the NASDAQ, depending on the underlying fundamentals of the company. If a company does not meet certain criteria, such as the operating income minimum, it has to make it up with larger minimum amounts in another area, like revenue. This helps to improve the quality of companies listed on the exchange.
After a company gets listed on the market, it must maintain certain standards to continue trading. Failure to meet the specifications set out by the stock exchange will result in its delisting. Falling below the minimum required share price, or market capitalization is one of the major factors triggering a delisting. The exact details of delisting depend on the exchange.
Nasdaq definitely NOT happening.
Listing Requirements for All Companies
Each company must have a minimum of 1,250,000 publicly traded shares outstanding upon listing, excluding those held by officers, directors, or any beneficial owners of more than 10% of the company.
The regular bid price of shares of the company's stock at the time of listing must be at least $4.00. However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.
There must be at least three (or four depending on the criteria) market makers for the stock. For companies using the $3 or $2 criteria, only two market makers may be required. Each listing firm is also required to follow NASDAQ corporate governance rules 4350, 4351, and 4360.
Companies must also have at least 450 round lot (i.e., 100 shares or more) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
As of 2020, a company must pay a $25,000 application fee before its stock can even be considered for listing, and it can expect to pay between $150,000 and $295,000 in entry fees if successful.
In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.2?
Standard No. 1: Earnings
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the previous two years at least $2.2 million, and no single year in the prior three years can have a net loss.
Standard No. 2: Capitalization With Cash Flow
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. Also, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.
Standard No. 3: Capitalization With Revenue
Companies can be removed from the cash flow requirement of the second standard if its average market capitalization over the past 12 months is at least $850 million and revenues over the prior fiscal year are at least $90 million.
Standard No. 4: Assets With Equity
Companies can eliminate the cash flow and revenue requirements, and decrease its marketing capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 million.
To stay listed on the Nasdaq, a company must continue to meet the minimum listing requirements or risk being delisted and removed from the Nasdaq exchange.
The Bottom Line
A company has four ways to get listed on the NASDAQ, depending on the underlying fundamentals of the company. If a company does not meet certain criteria, such as the operating income minimum, it has to make it up with larger minimum amounts in another area, like revenue. This helps to improve the quality of companies listed on the exchange.
After a company gets listed on the market, it must maintain certain standards to continue trading. Failure to meet the specifications set out by the stock exchange will result in its delisting. Falling below the minimum required share price, or market capitalization is one of the major factors triggering a delisting. The exact details of delisting depend on the exchange.
How much more dumping?
Very Quiet, until it’s not kinda play. I like it
Makes sense, but CE was on when it ran to almost $0.16 a few weeks ago. Worth watching for sure.
SS looks great, could be a runner with Cae removal and news
Looks to be pushed down on no volume, ask keeps dropping lower than needed
Ahh, hopium
Nope, was on my watch list after seeing several 10 millions volume days, now this, lol
From 10 million shares traded to next to nothing, what’s happening here?
Funny post, got a laugh out of it for sure. Dilution stops just in time for reverse split.
This is common knowledge in StevoLand
Rinse and repeat
—————————————————
I wasn’t asking when does one set of dilution end, I’m asking will we get a break from dilution after the two main sets of dilution are done
Hey Firegiant, you gotta laugh at the new dreamers showing up with their pump dreams, lol
Meanwhile same old same old for us in this for 10 years now
Good luck, we have been here a long time
I’m out, not taking a chance
Julienne Audette got me once already, not willing to risk it again with the new CEO
Will keep an eye on how things progress, who knows at this point.
Not at all surprised
i got in just after you did at 47.20 CAD, rebound tomorrow
Good Luck
first time buyer, i'll gamble it goes back up
A few good PRs will get it there
Someone is accumulating
Good to see
There ya go, new HIGHS coming, lol
Nice to see bids increasing without any news. Should move up pretty fast with good news...
Yes and hopefully up from here
GLTA
Nice day here, things are looking up, we just need some updates from the company.
No sellers, everyone waiting for news and direction of the company
Would be nice to hear something from them on progress
News: https://www.otcmarkets.com/stock/SMPP/news/story?e&id=1316850
Strategic Management Opportunity Corporation (SMPP.PK) Finalizes Acquisition of US Canniceuticals, LLC
DENVER, CO / ACCESSWIRE / March 25, 2019 / Strategic Management Opportunity Corporation, a Nevada Corporation trading under the symbol (SMPP.PK) announced today that it acquired US Canniceuticals, LLC, a limited liability company in Colorado for $200,000 over a 5 year period. Payment will be made with acombination of cash and restricted stock.U.S. Canniceuticals currently leases 20 acres of land in a soil rich area known to grow some ofthe finest quality hemp in the region , for the purposes of growing hemp. Strategic ManagementOpportunity Corporation now has control over the land and will begin growing operations in thein the next few weeks, hopefully"It is our mission to ramp up our growing operation veryquickly," Says Strategic Management Opportunity Corporation CEO, Peter Zompa."This is ta huge step in our goal to become one of the great providers of Full Spectrum CBD inthis country," continued Zompa." The terms are very favorable for us, and the anticipated ROIenviable. We have identified and are negotiating as of today, the purchase of harvest up to 20,000hemp clones, and have had initial discussions to house a greenhouse immediately to provide incubation of the young plants prior to formal harvesting," said Zompa. "This is a win for both companies," says Richard Kohler, President of US Canniceuticals. "We couldn't ask for a more dedicated and motivated partner and look forward to witnessing and participating in the growth and progress I believe is destined to come."
FORWARD-LOOKING STATEMENT
Statements in this press release that are not historical fact may bedeemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, asamended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although SMPP, Inc.believes the expectations reflected in any forward-looking statements are based on reasonable assumptions,SMPP, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company's ability to meet the conditions necessary to, among other matters, obtain a public listing on a major national exchange.
SOURCE: Strategic Management Opportunity Corporation
© Copyright 2019 ACCESSWIRE. All Rights Reserved.
I agree, one day soon out of nowhere, run time
GLTA
$SMPP
now we wait for news from the new guy on the block.