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What time was the meeting with the NASD? Anyone know?? Think they will release a PR after the meeting??
Im selling all my shares for $25 bucks a piece!! Any takers????
I thought it was $4 for initial listing and then it must stay above a $1 for continued listing... here is what I found on google..
Major stock exchanges, like the Nasdaq, are exclusive clubs - their reputations rest on the companies they trade. As such, the Nasdaq won't allow just any company to be traded on its exchange. Only companies with a solid history and top-notch management behind them are considered.
The Nasdaq has three sets of listing requirements. Each company must meet at least one of the three requirement sets, as well as the main rules for all companies.
Listing Requirements for All Companies
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 then 10% of the company. In addition, the minimum bid price at time of listing must be greater than five dollars, and there must be at least three market makers for the stock. 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.
In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.
Listing Standard No. 1
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 one year in the prior three years can have a net loss.
Listing Standard No. 2
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.
Listing Standard No. 3
Companies can be removed from the cash flow requirement of Standard No. 2 if the 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.
A company has three ways to get listed on the Nasdaq, depending on the underlying fundamentals of the company. If a company does not meet certain criteria, such as the operating income minimum, it has to make it up with larger minimum amounts in another area like revenue. This helps to improve the quality of companies listed on the exchange.
It doesn't end there. After a company gets listed on the market, it must maintain certain standards to continue trading. Failure to meet the specifications set out by the stock exchange will result in its delisting. Falling below the minimum required share price, or market capitalization, is one of the major factors triggering a delisting. Again, the exact details of delisting depend on the exchange.
I just watched the presentation.. I like the comment he makes about how OxyClean was sold for $325 million to whatever company bought them out. Is this there goal as well? Build this company up and then sell to a bigger company for $500+ million???? That would be nice... right?
Question... I saw a previous post today stated that SPNG meets 3 or 4 requirements to move to the NASD. Im assuming the only thing we dont meet is the current PPS.
Is that more than likely what they will discuss Thursday? How they plan to get the price that high. Would there be any other discussions?
I know everyone is talking merger.. but is there any previous PRs that state that is the plan?? Ive been looking and dont see anything. I do see where the President/CEO of SRE is now the President/CEO of Pinnacle.. is that what everyone is going off of?? Just curious.. TIA
The news that is to come.. is the supposed Merger... Yes????
Should there be any news coming soon? If so does anyone know on what?
I know this is gonna be like asking for the winning lotto numbers but... is there any news expected on this?
Hey guys Ive been watching this for the last few days.. I dont have my finances available yet to get in. Does anyone think this will retract a little in the next few days? Or is thing just gonna keep rocketing up.
This is just a question/thought. But why not merger BHUB/TELA/EEGI? None of them really have anything going for it. Why not merger and split costs/revenues? Arent all 3 companies ran by the same people?
This is just a question/thought. But why not merger BHUB/TELA/EEGI? None of them really have anything going for it. Why not merger and split costs/revenues? Arent all 3 companies ran by the same people?
Whats with all the complaining about the "agreement in principle"? According to a previous PR this was always going to be an "agreement in principle." Who really cares... as long as progress is being made!!!
Techlabs, Inc. Enters into Agreement in Principle to Acquire Storm Depot International
JENSEN BEACH, Fla., March 14 /PRNewswire-FirstCall/ -- Techlabs, Inc. (OTC Bulletin Board: TELA) announced today that it entered into an agreement in principle to acquire Storm Depot International from Eline Entertainment Group, Inc. (OTC Pink sheets: EEGI).
Whats up with that? At this rate.. by the time we get TELA shares for our BHUB shares.. they will be worth less than the .0001 bogus trade!
SO with this new PR out on SAT... now that they are admitting to the wrong doing.. Could we see an actual forced buyback or will we just see BHUB turn into TELA?
SAT is now admitting to the wrong doing.. why wouldnt DP have the SEC force the buyback?
See I told you I was bad at figuring this out. I didnt it backwards.
Ok.. so .003 plus hurricane momo.. right? TELA last 4 summers has spike to a couple of dollars+. So this could have the potential of hitting .01+... right?
I have a question for everyone. I currently own BHUB. Now if everything goes as planned. Tela will do a forward split 100/1. Tela's O/S is roughly 22 million (I think). After the split it would be 2.2 billion. Then they issue 1-1 Tela for Bhub, plus they gain the right to sue for damages (which was stated at 6.6 mil).
Now my question is... If this all goes well. And Tela files suit against Select America for the 6.6 million in damages. Does that make Tela worth roughly .29/PPS? (6.6 million / 2.2 billion shares). Im not to good at figuring this all out. Any help would be great!! TIA
I have a question for everyone. I currently own BHUB. Now if everything goes as planned. Tela will do a forward split 100/1. Tela's O/S is roughly 22 million (I think). After the split it would be 2.2 billion. Then they issue 1-1 Tela for Bhub, plus they gain the right to sue for damages (which was stated at 6.6 mil).
Now my question is... If this all goes well. And Tela files suit against Select America for the 6.6 million in damages. Does that make Tela worth roughly .29/PPS? (6.6 million / 2.2 billion shares). Im not to good at figuring this all out. Any help would be great!! TIA
Is the Tela split and covering BHUB still in the works?? Has anyone spoken to DP about it or the website??
Hell I would be more than happy with that!!
KAPONE....
Could you explain how this could be at $100 after the F/S. Im new to this whole thing. Never been involved in a stock that had this many issues. I always thought that when a split happens Forward or Reverse it affected the PPS the same. IE. if its forward split divide current price by x number and if its a reverse split multiply by x number. So.. how could tela come out and say.. ok we are going to forward split and oh yeah the PPS is now $100.
Thanks for your input.. Im totally confused on this. Thanks.
Question..
Ok.. so by the time BHUB switches to TELA and this is ready to trade.. 90 days.. July roughly. TELA should be trading around .30+ (after the F/S)according to the previous 3 summer trends.
Is this accurate?? Please someone answer. TIA
HI All.. Can I get some help here?
Ive been out all weekend and today and have been trying to catch up. Could someone help me out with what is going on. Is everything still ago on the F/S with Tela and BHUB shares transferring to TELA?? I understand that there will be no squeeze with this.. but is this still good for us??
I saw that this could take up to 90 days. After that will we be trading as TELA?
Any updates would be appreciated.
TELA .32/.34
I fairly new to this.. but I would say soon. Possibly monday or Tuesday, but I would think next week. I also think this thing is going to fly. Again.. Im new to this as well.. I just wanted to throw and answer out, cause I know I have asked several questions but never received answers.
455000 but of TELA instead of BHUB. If I understand myself.
So if all goes well.. we own TELA shares.. but at what Price? they are now at .19 but with their 100 to 1 split. That takes it to what .0019? Now figure in the 6,600,000 in damages that BHUB is going after for damages. That puts it where???
Can I ask why you think it would be at .31? Would it be because the old T/A has to start buying back and needs a good price to get people to sell?
Again.. this is the first time Ive been involved with a stock that was halted. Not sure how all of this will work. Hoping for the best!!!
I agree... wouldnt one of the MMs want to pick this up. They could even buy up some of the bogus shares that are out there and sell them back to the old T/A for one hell of a profit... YES NO MAYBE.. dunno
Question.. Isnt Select out of Canada??? How will that play out, since they arent a US Company?? Can the SEC/DTC still force them to buyback??
Thats awesome!! Lets hope it works out that way. If so.. we all can retire early. LOL...
Thanks for your input!! This is the first time Ive been involved in a stock that has had this happen.
What kind of time frame? Could Select drag this out? Or would it be a fairly quick and EXPENSIVE process? I will put my GTC in at $3.00/share!! LOL...
Question if someone would please answer.
If the DTC/SEC/NASD or whomever.. comes out and says that the T/A is to be held accountable and they will be required to buy back the 1.5 billon shares. How can they force that hand? And how fast can they make Select buy back?
Also.. I would like to applaud everyone for there hard work and excellent DD last night. All the info that was dug up on those Bass turds is awesome!! Great job guys/gals!!!!
So what does everyone think... will this open on Monday and trade high??
They are not sure if they will be on or not. They are waiting to hear from BIGHUB
mn1.com
BIGHUB on mn1.com next.. it was just stated.
Question..
So trading was halted pending news.... so what is the news?? To get this back to trading what needs to happen?? The company needs to file the 15c211???
Some fill me in...
Why wouldnt the company just put out the news? Why request a halt??
Etrade seems to be trading.. although there is no volume coming in.