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I like it . Thanks
And last info:How long does it take to go public in the US? There is no one answer since there are many variables involved. The first step is to assemble your core IPO team, including lead underwriter(s), legal counsel and accountants. Then your printer, transfer agent and other team members are selected and responsibilities assignedmany variables involved. The first step is to assemble your core IPO team, including lead underwriter(s), legal counsel and accountants. Then your printer, transfer agent and other team members are selected and responsibilities assigned.
Once the team is ready to go, a typical IPO timetable is as follows:
Time Period Steps
Weeks 1 through 8
Preparation of prospectus and registration statement.
Submit to SEC
Weeks 8 through 13
SEC review period
Weeks 10 through 13
Road show preparation
Weeks 12 through 14
Amendments to SEC filings
Weeks 14 through 17
Road Show/Marketing
Weeks 17 through 20
Complete prospectus. Approve offering terms and price with underwriters.
File prospectus – offering
Good info:Typically, a firm-commitment underwriting carries a 7 percent underwriting discount. So, a firm that sells five million shares at $15 a share will receive $75 million less 7 percent or net proceeds of $69.75 million (before expenses). Very small offerings might have a higher discount – 8 or 9 percent – and underwriters at times will negotiate reimbursement of non-accountable expenses in order to boost their fees.
Good info:The lock-up period is a specified period of time – generally 180 days – during which pre-IPO shareholders, including management and directors, may not sell their shares, as per agreement with the underwriter. The purpose of the lock-up period is to prevent an oversupply of shares from impacting the market
The cost of going public will vary considerably from company to company. Expenses are dependent to a large extent on the degree to which a company’s legal and financial house is in order and the company’s type of business. Typically, legal fees and expenses are the largest single cost item, running from $600,000 to $900,000. Accounting fees and expenses are usually not far behind, generally ranging from $350,000 to $600,000, while printing and engraving expenses often are from $175,000 to $400,000. The total expense of going public generally ranges from $1.5 to $2.5 million, including such significant cost items as stock exchange application and filing fees, Blue Sky fees and transfer agent and registrar expenses. Other expenses that can boost the cost of going public are advisory fees and non-accountable fees that may be paid to underwriters. The range presented is not hard and fast. There are small, underwritten issues that are completed for about $1 million and certain larger or more complex offerings that well exceed $2.5 million. And don’t forget the intangible costs of going public in terms of the demands on management time, which takes away from focusing on one’s business.
Once a company registers to go public, Securities and Exchange Commission rules prohibit a company from making written public announcements of a promotional nature until 25 days after the initial public offering takes place. The quiet period rules are meant to prevent companies from hyping their stock and thereby protect investors. The SEC is currently considering a revamp of the quiet period regulations that would offer companies greater latitude in their quiet period pronouncements.
Companies can list on NASDAQ’s SmallCap Market with stockholders’ equity of just $5 million or with a market value of listed securities of $50 million or operating income of $750,000 in the latest fiscal year or in two of the last three fiscal years. Initial listing also requires at least one million publicly held shares with a market value of $5 million and a minimum bid price of $4. Three hundred round lot shareholders, three market makers and a one-year operating history or $50 million in market value of listed securities are also needed, as well as adherence to corporate governance rules.
As with the NASDAQ’s National Market listing, SmallCap companies must meet continued standards in order to maintain their listing.
There is a non-refundable $5,000 application fee plus entry fees based on the total number of listed shares. The entry fee is $25,000 for up to five million shares listed, $35,000 for over five million to 10 million shares, $45,000 for over 10 million to 15 million shares and $50,000 for over 15 million shares. Fees for non-US issuers are based on the number of shares or ADRs issued and outstanding in the US.
The annual fee is $15,000 for up to 10 million shares outstanding and $16,000 for over 10 million shares outstanding. NASDAQ should be contacted for complete details regarding fees.
#3 - Jun 17, 2009 (MARKETWIRE via COMTEX) -- Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) (formerly) Equus Resources, Inc. (EQUR). Quasar Aerospace Industries, Inc. is pleased to announce the signing of an agreement to acquire a third aviation/aerospace company. The full Board of Directors of the company to be acquired unanimously approved recommending to the shareholders that they accept the offer of One Dollar per share for the 32,000,000 shares outstanding. The members of the Board hold over 80% of the outstanding stock so shareholder approval is certain to be obtained. The company's name for the obvious reasons must remain anonymous until the transaction is closed, which is scheduled for the middle of August of this year. This acquisition will add approximately $18,000,000 to our annual revenues and $3,750,000 to the bottom line. The current management team will remain intact. Quasar's management team has been closely associated with this company for over three years, and is extremely pleased that they have elected to join our family of companies.
Good Luck . Stock
Marked!
If you are long this is what I do: I set my open page and trading platforms that I see just a shares amount not $$$(for long positions).It took emotions away from the game. I know that I invested around $200k in QASP and I have my time frame to sell. Good Luck .Stock
I disagree with your timing on the SP . I think as soon as we'll get a money everything will start moving much faster and I disagree with people trying to calculate a SP by using P/E ratio. Excuse me , but this is pink sheets , start up company- a lot of speculation involved , which will drive price waaay up . When we will trade on AMEX/NASDAQ P/E ratio will be more usefull. Good Luck . Stock
Agree!!!
I will start "locking in some profits" after $1.5 . I don't need $10k now ,but I can use $10 mill. Good Luck . Stock
Good luck to you
Agree!!! Not with a QASP . Dean can surprise you with 4:50PM news and than next day you will be short million dollar...Every .01 c gain in price for me = around $60k. Not pushing any buttons just watching a show. Good Luck .Stock
You have to "pound it" with something... We are talking about $100 mill. credit line for $.01 stock - unbelievable and this is just a beginning . I don't even care what happens tommorrow we are finally getting breakthrough .Good Luck
I don't think is "if" , it most likely "when". But , I still think this is $2-$7 stock in the year.IMO. I would like to see all deals on the table before I set my price to sell . Holding strong. Good Luck.Stock
I have to agree with you on this.... Good Luck . Stock
I am still down around $80k . Very important what price you are going to sell and I think we will be just fine . Almost impossible (you have to be very lucky) to get price , I mean your average price, in the bottom . Everybody see "red" , not to many people can take it. Good Luck . Stock
http://stockcharts.com/h-sc/ui?s=QASP&p=W&yr=2&mn=1&dy=20&id=p17007914816&a=187120429&listNum=3[url][/url][tag] And of course weekly chart-we definitely need a news to breake that resistance . I think (with news) we will open above resistance and this gap would be breake-away gap . Good Luck . Stock[/tag]
http://stockcharts.com/h-sc/ui?s=QASP&p=D&yr=1&mn=1&dy=20&id=p33097643440&a=187120429&listNum=3[url][/url][tag]insert-text-here[/tag] Possible we will aproach resistance at .02c but I don't think we are going to breake it without major news . Good Luck .Stock
http://stockcharts.com/h-sc/ui?s=QASP&p=60&yr=0&mn=0&dy=20&id=p31021941685&a=187120429&listNum=3[url][/url][tag] Upper level resistance on Monday-without news[/tag]
QASP - Weekly Candlesticks[img]stockcharts.com/c-sc/sc?s=qasp&p=w&yr=1&mn=6&dy=20&id=p17834059626&a=187120429 Difficult part - will you sell it at weekly resistance . I think we are going to lose a few longs . Good Luck .Stock
He made mistake IMO. Follow big money ....not $3000. Good Luck . Stock
Sorry dont take this the wrong way but do you think you smart. My DD tells Stock that you are running scam against QASP, not good...
Best post already . Agree and personal mark for you . Still buying.Good Luck . Stock
I have over 5 mill. shares and will be ready to buy more next week. Good Luck . Stock
I am still buying . Good Luck . Stock
Sell Monday morning , you will feel better . Good Luck . Stock
Marked!!
Still buying... Stock
Will go up !!! Smile. If you are asking me about price in that specific day I don't know and I don't care(to many variables), but I value this stock mid/long terms $2-$7 . Good Luck . Stock
MM will let it go when they accumulate enough shares- not mine . I am very confident in Dean's business model and I matching amount of shares CEO buying on the open market with his own money and will hold untill CEO start selling. Simple . Good Luck . Stock
I agree with you !!! But doesn't really matter. Keep buying . Good Luck . Stock
Less than $10000 - is this "Big dump" for you ?! Smile . Just keep buying, just keep buying ... Good Luck . Stock
"It's time to come to reality people. QASP is acting like most pink sheet penny stocks. Pump & Dumps."- I don't think so . When was a "Pump"? They would wait at least $.2 before dump millions of shares. This is REAL Business with CEO BUYING shares. Good Luck to you . Stock
Scotch ! I'm agree with everything but price. I think $2-$3 in the short term and $3-$10 in the long term (in my opinion). Good Luck to you . Stock
Agree!!!
Good Luck to you and see you at the finish line . Stock