Sunday, April 23, 2017 12:56:05 AM
Listing Standard 2 requires the company have a shareholder’s equity of $4 million and a stock price of $3 a share, and the market value of the public float be a minimum of $15 million. There is no market capitalization requirement.
NYSE-MKT considers the reputation of the company’s management, its financial integrity and demonstrated earnings ability. Deficiencies in any of these areas can result in the listing requirement being denied.
Note: NASDAQ (Global Market)-($4 share offer) and NYSE (Blue Chip)-($4 share offer) have a minimum of $15 million market value. Also others factors including overall held shareholder value.
I don't throw this out there to create fear. Rather hope. If the CEO really believes in entering a senior exchange, then there could be some significance in gains. Try to imagine UATG at it's current level. Can it enter the NYSE-MKT as it is now?
Bless you guys, and lets get ready for some news!
"Trading the Zacks Rank." Finding #1 Stocks (2015): 15-25. Web.
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