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Re: Scott12 post# 6155

Friday, 02/17/2017 2:54:56 PM

Friday, February 17, 2017 2:54:56 PM

Post# of 7213
Scott, its been awhile since I looked at the initial listing requirements of the NYSE MKT (formerly called Amex) exchange and compared them with the NASDAQ, but my recollection is that they used to be pretty similar except for one key difference -- the NASDAQ had a much higher stock price requirement than the Amex did. But then I believe a year or so ago (or maybe it was even longer), the NASDAQ decided it was losing too many companies to the Amex so it came up with those special "penny stock" rules that we posted up on this board a few weeks go, which allow companies to list on NASDAQ with a stock price of as low as $2, which I believe is also the lowest price that the NYSE MKT will accept.

I believe if there is good news that accompanies or immediately precedes the date that the shares become free-trading, the stock price should do OK. If there isn't, then the stock price should more than likely dip, at least in the short term. But let's keep the big picture in mind, which is that the only way this stock is going to show sustainable gains going forward is if it can get the big boys to start buying it.

There is no way the big boys can buy this thing right now, given how thin the supply is. So we need more supply to feed the hungry wolves here. As tranches of new stock supply gets unleashed, there may well be brief periods of downswings in the stock price but to me that would be a small price to pay in exchange for the substantial long-term benefits to be gained from the added trading volume of the stock.

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