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I sent my proof of ownership to Mark Solomon on Sept. 29, 2015. He replied around 2 weeks later saying that he would forward it to the correct people. I haven't heard from anyone since.
So if I have 800 shares of Preferred, what does this potentially mean for me?
That's what I'm looking forward to!!! I have about $1500 in preferred shares. Not sure what that may do. I know it doesn't sound like much but I'm hoping for a nice return!!!
I'm ready to move it!!! 3 million of todays volume was my addition to my shares this morning!
How long will it take for this to happen? Just curious for some feedback.
Listing Requirements of the American Stock Exchange - NYSE-Amex
* last updated August 26, 2010
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The American Stock Exchange was acquired by the New York Stock Exchange in 2008. NYSE-Amex, as it is now referred to, is an attractive exchange for solid micro and small-cap companies. NYSE-Amex has three different listing and public shareholder standards with a number of differing combinations within. As a result, their listing requirements offers flexibility to companies operating in different market sectors.
NYSE-Amex Listing Requirements
Requirements
Standard 1
Standard 2
Standard 3
Standard 4
Shareholders' equity
$4 million
$4 million
$4 million
N/A
Pre-tax income required in last fiscal year or two of three most recent fiscal years.
$750,000
N/A
N/A
N/A
Market capitalization N/A N/A $50 million $75 million
OR
At least $75 million in total assets
and $75 million in revenues
Distribution
800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 months
800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 months
800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 months
800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 month
Price
$3
$3
$2
$3
Market value of public float
$3 million
$15 million
$15 million
$20 million
The NYSE-Amex listing board also conducts a subjective review of all listing candidates looking at the:
nature of a company's business;
market for its products;
reputation of its management;
historical record and pattern of growth;
financial integrity;
demonstrated earnings power; and
future outlook
Company's board of directors must agree to abide by the corporate governance requirements of AMEX.
Go to the listing requirements of other exchanges:
Master Chart Summary, NYSE, NYSE-Amex , TSX, NASDAQNM, NASDAQSM, TSX Venture, CNSX, OTCBB, US Pink Sheets
Alixe B. Cormick
Venture Law Corporation
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Vancouver, B.C.
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But, the thing about it is, people have to hold on to their shares so they will grow. If there is suddenly a lot of volume from buyers and the stock goes to .0002 or .0003, if tons of people sell, it will be a long time before it will ever grow to a respectful number. I own a ton of common's and preferred's. I just hate to keep seeing the stock flat because people sell off as fast as it rises.
I have $1,500 in preferred shares. When should I convert them to common's?
When is their new name going into effect?
DJ, did you submit your information back before the deadline? Because if not, you probably won't get any preferred shares.
When should I convert my Preferred Shares? Any advice?
Any good news seen by anyone?
Has anything new been publicized that says when ARNH will be publicly traded again?
Actually, I think each preferred share is worth $2.50 each. At the par value of .0001, the preferred shares would convert to 25.000 common shares per 1 share of preferred. So, if I were to convert all 900 preferreds to common, I would have 22,500,000 shares of common stock. I may be wrong on this but I think thats how it works.
So, Poo Poo, are you saying that you have a travel carrier for your pig so that it can fly on the plane as well?
Ha!!! Yeah, so you can offer her to the restless natives as a peace offering!!!! But, they will probably bring her back and be pissed! They will try to hunt you down because she belittled their main food source by accusing it of false hope and manipulated nutrition!!!
Thank you Ben! That completely makes sense! Hopefully, we can all make a little dinero from this company eventually. I'm forever the optimist! Thanks again for the input!
Makes me moist just thinkin about it!!! Ha!!!
So, if I have 900 shares of Preferred Stock, what do I actually have today? Just curious. I think it means I have the $2000 I lost a year or so ago recovered and invested in the profits of the company. But, What are the details on what this really means?
You've got that right Bigfoot! It's people like her with all their negativity and doom and gloom that possibly stop people from investing in GGCO. They read her unfounded crap and decide to wait or move on to something else.
Great info JC! Thank you very much for the reply!
Thank you for the reply! Actually, I received my certificate on Friday. Was relieved. Can you explain to me how this actually works? I have 840 preferred shares. How much is that actually worth? And, does this mean that we will receive royalty checks from time to time? I have over 1,000,000 shares of common stock. This is my first time to receive preferred shares.
I have alot to say to all you nay sayers!!! If you truly feel this company is a fraud and your stock is never going to grow because your some kind of victim; Sell and get the hell out!!! Negative people like yourself may be the reason that others are afraid to invest in GGCO and causes it not to grow. You, obviously, are someone with a doom and gloom mentallity that doesnt have the patience to wait around and make some real money. My advice is this; either have an optimistic attitude toward this investment or, sell all you have now so that other people can buy your shares or wait and watch theirs grow.
Beginning to get concerned. I submitted all my information well before the deadline. I had to send several emails after that to finally get confirmation back that my info had been received. I received an email saying that my information had been received, it was satisfactory to complete the stock conversion, and told me how many preferred shares I would receive. That was about 4 weeks ago. I still haven't received anything saying that I own any preferred shares. Is this normal?