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Nice....I like .pdf files :)
I'd say that caveat emptor will soon be a funny memory :)
I'm going long on this one.........let the leaves shake out a bit.
Moola, I'm holding as well and am expecting to see positive movement relatively soon.
Positive motion on some relatively low volume......
Good morning. I have no intention of selling this baby :)
http://www.investopedia.com/ask/answers/121.asp
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.
(For further reading on the Nasdaq and other U.S. exchanges, see Getting to Know Stock Exchanges and The Tale Of Two Exchanges.)
I agree. That will improve confidence and increase volume (and lift the price of course!).
These guys are primed for big time.
The trading volume criteria was the first thing that leapt out at me as well since the 3 month average is 93k but its been trending upwards to the 300k-400k range.
I'm expecting at least one more sortie from the shorts before end of week so that they can hit their targets. Saying that, this stock is simply too strong to break and by middle of next month should be above $5.
More fleshed out than my previous post:
http://dynamic.nasdaq.com/dynamic/nasdaq100_activity.stm
Initial Eligibility Criteria*
To be eligible for initial inclusion in the Index, a security must be listed on the Nasdaq Stock Market and meet the following criteria:
* the security’s U.S. listing must be exclusively on the Nasdaq National Market (unless the security was dually listed on another U.S. market prior to January 1, 2004 and has continuously maintained such listing);
* the security must be of a non-financial company;
* the security may not be issued by an issuer currently in bankruptcy proceedings;
* the security must have average daily trading volume of at least 200,000 shares;
* if the issuer of the security is organized under the laws of a jurisdiction outside the U.S., then such security must have listed options on a recognized options market in the U.S. or be eligible for listed-options trading on a recognized options market in the U.S.;
* only one class of security per issuer is allowed;
* the issuer of the security may not have entered into a definitive agreement or other arrangement which would likely result in the security no longer being Index eligible;
* the issuer of the security may not have annual financial statements with an audit opinion that is currently withdrawn;
* the issuer of the security must have "seasoned" on NASDAQ or another recognized market (generally, a company is considered to be seasoned if it has been listed on a market for at least two years; in the case of spin-offs, the operating history of the spin-off will be considered); and
* if the security would otherwise qualify to be in the top 25% of the securities included in the Index by market capitalization for the six prior consecutive month-ends, then a one-year "seasoning" criterion would apply.
Continued Eligibility Criteria*
To be eligible for continued inclusion in the Index, the following criteria apply:
* the security’s U.S. listing must be exclusively on the Nasdaq National Market (unless the security was dually listed on another U.S. market prior to January 1, 2004 and has continuously maintained such listing);
* the security must be of a non-financial company;
* the security may not be issued by an issuer currently in bankruptcy proceedings;
* the security must have average daily trading volume of at least 200,000 shares (measured annually during the ranking review process);
* if the issuer of the security is organized under the laws of a jurisdiction outside the U.S., then such security must have listed options on a recognized options market in the U.S. or be eligible for listed-options trading on a recognized options market in the U.S. (measured annually during the ranking review process);
* the security must have an adjusted market capitalization equal to or exceeding 0.10% of the aggregate adjusted market capitalization of the Index at each month- end. In the event a company does not meet this criterion for two consecutive month-ends, it will be removed from the Index effective after the close of trading on the third Friday of the following month; and
* the issuer of the security may not have annual financial statements with an audit opinion that is currently withdrawn.
In administering the Index, Nasdaq will exercise reasonable discretion as it deems appropriate.
This is for NASDAQ if they choose to go that route:
http://dynamic.nasdaq.com/reference/Comp_Eligibility_Criteria.stm
Eligibility Criteria
To be eligible for inclusion in the Composite the security's U.S. listing must be exclusively on the Nasdaq Stock Market (unless the security was dually listed on another U.S. market prior to January 1, 2004 and has continously maintained such listing), and have a security type of either:
American Depositary Receipts (ADRs)
Common Stock
Limited Partnership Interests
Ordinary Shares
Real Estate Investment Trusts (REITs)
Shares of Beneficial Interest (SBIs)
Tracking Stocks
Security types not included in the Index are closed-end funds, convertible debentures, exchange traded funds, preferred stocks, rights, warrants, units and other derivative securities.
If at any time a component security no longer meets the above eligibility criteria, the security is removed from the Composite Index.
Good rant!
Looks like we're headed towards a strong close on above average volume after shaking out the remainder of the shorts this morning.
I think this time next week we're gonna see an even better level.
Looks like we've achieved stability but I have to agree with Stock Whisperer that we haven't seen the end of the shorts just yet in light of it being end of the fiscal year this weekend.
Regardless, I think that at $2.50 this thing is a steal.
AWSL has been hit hard by shorts and some really underhanded tactics that saw them get delisted from Pink Sheets (not really that big a deal in the big picture since they're about to be uplisted).
Hold it steady and watch it climb.
Go long, my friend....this one's a winner.
Looking at where AWSL was only a few short weeks ago and compared to know this is still a great hold and a good time to double up. It's withstood some serious downward pressure from the shorts.
This guy's a winner.
ok great, thx!
This sounds very interesting...can you give us a bit more?
I've been poking around and can't see any reason for selling other than people not being patient enough and just dumping it after seeing very little volume this past little while.
I'm gonna go in for some more........
I've been involved in government programs in Ontario in similar fields where the programs serve as stimulii. The rewards are always, always large.
AWSL has some serious tech behind it which positions it to rake in some major contracts as this program is rolled out.
I'm LONG AND STRONG and can't wait to see the shorts eat their words.
Good week in the Palace.....have a fun weekend everyone.
Good stuff.
I was just about to recommend the same course of action.
I just hopped aboard this train a few weeks ago and can't complain so far. But if you're not comfortable with an investment that you've made, then you should extricate yourself from it.
Thanks sykes...I'll buy those shares LOL
have a good weekend
Yeah, a reactive measure by some unsavoury types in reaction to yesterday's news. They don't want to be caught out.
That's exactly my view. Shore up the position and prep for uplisting.
As i was saying earlier, the shorts can't keep these guys down since AWSL is solid. They tried beating it down twice today but we're poised for a big, big breakthrough.
As usual SW lays it out with confidence.....can't say that I disagree.
Looks like all the loose leaves have shaked themselves out as we're back to yesterday's close.
It's rocking......
WAS THERE ANY DOUBT?
AWSL is STRONG!!!!
Back up to $4.25 after the triple whammy of naked shorting, profit taking, and panic selling earlier today
Three and three quarters now....pisa is reporting a potential naked short by NOBL
Pennystockchaser.com
Looks to me as if it's a bit from all three columns. NITE has been bouncing around on it all day thus far. Both these guys and MEVT have been promoted by PSC, so no doubt some took their earnings and jumped ship.
I can't find any fault with your statement whatsoever. Sometimes people will panic when they see a stock dip into the red after strong day or two, so it's good when cooler heads prevail especially when the stock is a solid one.