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This is a faster way to get be listed in NASDAQ. IPO will take years.
It is a 80 cents stock within one or two months.
I saw this in L2. It is a real company why should we worry. No worries!
How do we know the new CEO bought back the shares from week hands?
How many of them are in float?
There is 911 SIGNAL on L2 then immediately bought some shares. What the meaning of 911?
Enjoy... If something goes wrong, I will loose my money. Not your money.
That is true. I still feel that the New CEO is buying back. Once he bought a lot of shares from the week hands, the float will be low. It can be moved to $$ very fast.
I totally agree with you. He can easily buy shares back in. The stock price would be $2:50 by mid of 2019.
$2:30 by mid of 2019
So, is it good or bad?
The company employs around 150 people and boasts $2bn (€1.75bn) worth of assets under management. Numerous acquisitions in Germany and the Netherlands have helped the company grow since it was established five years ago. Another deal for a Dubai-based firm is also understood to be nearly finished.
The company employs around 150 people and boasts $2bn (€1.75bn) worth of assets under management. Numerous acquisitions in Germany and the Netherlands have helped the company grow since it was established five years ago. Another deal for a Dubai-based firm is also understood to be nearly finished.
Amazing interview with Woodbrook’s CEO Michael Doherty. this helps to provide an understanding of the size and shear strength of this company on a global level. A MUST LISTEN TO!! https://m.soundcloud.com/wlrfmwaterford/hot-desk-michael-doherty-
Woodbrook announced last week its intention to list on the Nasdaq stock exchange in the US over the coming weeks. The Sunday Independent has learned that the company has purchased a US business called NHPI and will use it to perform a "reverse public offering".
Doherty said the business will list with a market capitalisation of around $50m (€44m). He will remain the major shareholder.
short sell is good or bad? if it's bad, why?
What is the short sell?
The seasoning rule requires that the reverse merger company maintain a closing stock price equal to the stock price requirement applicable to the initial listing standard for a sustained period of time, but in no event for less than 30 of the most recent 60 trading days prior to the filing of the initial listing application.
The rule includes an exception for companies that complete a firm commitment underwritten offering resulting in net proceeds to the company of at least $40 million.
The seasoning rule requires that the reverse merger company maintain a closing stock price equal to the stock price requirement applicable to the initial listing standard for a sustained period of time, but in no event for less than 30 of the most recent 60 trading days prior to the filing of the initial listing application.
The rule includes an exception for companies that complete a firm commitment underwritten offering resulting in net proceeds to the company of at least $40 million.
Mr Doherty said : “It is a great honour for us to get listed on the NASDAQ, the world’s most preeminent and prestigious exchange. Over the past few years we’ve worked hard to achieve this milestone.
“This will enable us to grow as an organization and expand in new markets without compromising on our integrity and the bespoke services we provide to our clients.”
The Nasdaq stock exchange in the US over the coming weeks. They are saying in weeks. Will it happen end of this year?
Woodbrook announced last week its intention to list on the Nasdaq stock exchange in the US over the coming weeks.
Are you looking for a new career challenge in the New Year? Woodbrook Group, Europe's fastest-growing firm of financial advisers, is seeking experienced and dynamic professionals to join its expanding team.
The company, which is about to make a public offering on the Nasdaq, is domiciled in Cyprus, with offices in Hungary, Poland, Spain, Switzerland,
Malta and Russia, and Ho Chi Minh City, Vietnam.
Woodbrook's exciting expansion plans for 2019 will see the company make further acquisitions in Latin America and UAE.
The Woodbrook Group will be happy to help. We are an international firm of financial advisers. We are not owned by any financial institution or life insurance company. This makes us different from the majority of financial advisory companies and means we can offer you unbiased and impartial advice.
http://www.financialmirror.com/blog-details.php?nid=2100
How many shares would been locked by owners? Looks like they bought today from the week hands.
I agree with you. Owners are buying most of shares form week hands. They are going to lock until it is moved to NASDAQ. This way float will be less and fly when they announce the name change.
Who is selling?
Looks like, the new company CEO is holding a lot of shares. I believe, the float would be 400 million.
if the company is coming to the larger exchange with a firm commitment underwritten public offering with gross proceeds of at least $40 million. This applies on all three exchanges.
On November 8th, the US Securities and Exchange Commission approved rule changes requested by the three major US stock exchanges, Nasdaq, the NYSE Amex and the New York Stock Exchange. In sum, companies completing reverse mergers with SEC-reporting shell companies will now have to "season" by trading on the over-the-counter markets or another national exchange for one year, and timely filing all its periodic reports with the SEC before seeking to uplist to these major exchanges. Companies completing reverse mergers with special purpose acquisition companies (SPACs) are exempt from seasoning.
In addition to waiting to move up, the post-reverse merger company will have to have its stock trade at the same price as the larger exchange's initial listing price for a sustained period before applying to list. This would not be required for a company that completed its reverse merger at least four years prior to applying to uplist.
One can bypass seasoning if the company is coming to the larger exchange with a firm commitment underwritten public offering with gross proceeds of at least $40 million. This applies on all three exchanges.
There was some hope that, based on a comment letter from WestPark Capital, there might be an exemption for Form 10 share exchange transactions, but this was rejected.
Thank you. A lot of relief.
Woodbrook Group has $2 billion assets. It can be listed easily in NASDAQ
Does Woodbrook Group qualify all these requirements?
In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.
Standard No. 1: Earnings
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior 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. In addition, 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.
Does this company meet all these requirements? If it's not, what are the requirements missing from the list?
Listing Requirements for All Companies
1) Each company must have a minimum of 1,250,000 publicly traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more than 10% of the company.
2)In addition, the regular bid price at time of listing must be $4.00, and there must be at least three market makers for the stock.
However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.
3)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 (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
Did you ask the company about this?
What your thoughts on this post?
Neuro-Hitech Inc. deregistered from the SEC in 2009 and cannot file any 8K's until and unless the company submits a FORM 10 to apply to reregister with the SEC.
All the talk by the company of listing on the Nasdaq is abjectly wrong in every context. Reregistering would take about a year to process and then the Nasdaq would require about two years of filing Financials before remotely considering Neuro-Hitech Inc. or any other corporate name to list on the Nasdaq.
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001328511&owner=exclude&count=40&hidefilings=0
Last week Woodbrook announced its intention to make a public offering on the Nasdaq stock exchange in the US, foreshadowing significant growth.
Commenting on the announcement, Mr Doherty said: “It is a great honour for us to get listed on the Nasdaq, the world's most preeminent and prestigious exchange. Over the past few years, we've worked hard to achieve this milestone. This will enable us to grow as an organisation and expand in new markets without compromising on our integrity and the bespoke services we provide to our clients.”