Friday, November 02, 2012 8:14:48 PM
It is right here on the same page, it is less than 50 post away.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81096605
What part did you not say? What part is untrue?
Here is the link to NASDAQ REQUIREMENTS:
http://www.investopedia.com/ask/answers/121.asp#axzz2B65dYqph
LET ME SPELL IT OUT FOR YOU MR. CEO:
According to your latest filing the O/S (that stands for OUTSTANDING SHARES) is 798,427,205 shares.
The O/S is amount of shares that have been issues but some of them might be restricted and not available to trade. These restricted shares are do to convertable debentures, i.e., convertable debt. All the shares that are available to trade are in the FLOAT.
According to the close yesterday your company has a market capitalization (or market cap) of $5,588,990
If you take the O/S and multiply it by the PPS that will give you the market cap.
798,427,205 X .007 = $5,588,990
The NASDAQ minimum requirements are $4.00. Please read the above link.
YOU SAID the stock would be a NASDAQ STOCK. PLEASE READ THE ABOVE LINK.
It is pretty simple math. 798,427,205 X 4.00 = $3,193,708,820 MARKET CAP.
This simple calculation has changed for the worse, obviously. Recent filings show from 71 million to 800 million shares issued and outstanding in the last 9 months.
I would assume the rate of DILUTION has not changed in the past quarter.
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