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I don’t care, I just don’t want to see the stop sign ever again!
That rumor has been around for a long time, to achieve that goal it starts with a simple financials filing for 2nd qtr!
That Sounds good, NASDAQ 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.
Hello September, let us start this month off with some filings!
You have mine, that makes 3!
Now that number would be awesome! But let us get to a penny first.
When is the last day in your view for financials over merger news?
I feel people should be scared, but nobody is selling and we all know a major SEC deadline is coming up at the end of September!
Yes, stand off for sure, no buying or selling. At some point it has to break one way or the other!
Looks like we will continue to have low-volume days until they provide financials, looks like nobody wants to take the risk!
Stocks rarely perform in the time frames we predict, and it’s why the market only works for investors that have more patience than they thought they would need.
Looks like another day spent waiting for them to fulfill the requirements for a OTC reporting company, not filing 2nd qtr financials will soon lead to a stop sign.
Good to even see a small trade at .007!
I am looking forward to trading this week, last week of August with a holiday weekend in play!
Onward to September and new SEC rules in place soon!
Easy or hard they are late, great leaders organize their resources so that required items are delivered on time, project management 101!
Take the date due and work your way backward and create a schedule they had 45 days to get them done on time. With financials you can also work them during the period reported therefore reducing the requirement during crunch time!
I do agree with you, they spent a ton of time and money to let this company fall apart at this point, that is why I am holding foe BOOM or bust!
Yes, the more days that go by without the financials filed the risk rises. Of course I expected as the risk rises the price would sink, so holding is the right course at this point. Seems like buyers are not getting a discount to take risk!
Well clock is ticking so it is either boom or bust at this point.
A penny is easy with any buying pressure!
I do not think there is much stock between 0068 and a penny, so If we get financials, attorney letter or just big buying a penny is easy!
Wonder if the price will continue to rise with low volume as it has for the last two weeks?
Still, holding all my shares. Are we going to get an update this week?
If so we can celebrate during the upcoming holiday weekend.
I agree, if they announce a well know or qualified leader that alone could run the price higher,
When things don’t get done it is failed leadership. if mcic is to be successful in any endeavor it requires new leadership!
At some point people will start selling if they don’t file simple financials paperwork! Totally unacceptable from good management, but I guess we have what we have, hopefully the news about a new CEO is true and he/she will be a great leader that knows how to follow regulatory requirements.
Well another week goes by, with last bit of info over 4 months ago, late 2nd qtr financials, a stop sign soon, and trading issues as late as end of September (depending on firm)
On a side note the price has been creeping upwards for the last two weeks!
There is a guy I listen to occasionally that talks all day about AMC and GME and a few other stocks called Matt Kohrs, AMC ran from a few bucks to 70+ then back down to low 30s then back up to 40+
So there are people who will listen/watch/interact with a Youtube stock channel.
Depends on what is in the history of the company, we know they have a dividend that was posted under Xmdc that isn’t resolved, and from the previous disclosures I know there are many other items, all need to be solved before attorney letter can be published.
I know in the last two weeks we went from .005 to .0068
At and beginning of the year it was .0018
so .0018 to .0068 up 277%+
2021 455,248,569 shares traded so far this year (80.2% of the float)
2020 104,291,876
2019 51,904,744
2018 82,305,766
2017 106,273,486
2016 139,355,100
2015 76,982,183
2014 161,467,904
Float is 567,091,274
Restricted is 745,295,330
OS is 1,312,387,031
AS is 1,750,000,000
Lots of cash, hopefully, will bring big results, again they have to get the financials filed, we don't want to fight back from the stop sign again!
Do we close in the 7s today?
Yes they reposted the annuals with Sox compliance on a Saturday
If you look at the history they did drop the filings with SOX compliance on a Saturday
I am still surprised that everyone is holding, either stop sign looming and en of sept deadline in about five weeks!
We just need them to file 2nd qtr financials and we are good to November 15
Everyone I know who has a position is holding, waiting, and hoping they do something!
I see 68's getting hit now, sure does not seem like a stock that is going to be toast by Sept 30th....
The question is how long, once they release anything it will be too late!
That is a good amount if they file and bring in anything through a merger!
It either leaves the station soon to higher prices or gets bombed and goes to zero....
There someone sold into the bid of 66 300K+