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all markets green pre-open. should be a good day.
i wonder if a cbd drink between coke and aurora will cure a hangover. tons to be made there all by itself. just tol.
you do realize that if your shares were bought with cash, they cant be used for shorting.
should be green today
should be green today. markets up pre open. yay!
it'll recover. probanly not today. who knows. fed needs to stop screwing with interest rates. thats whats crashing the market. maybe we will do better than market as a whole. its possible. market down 800 points yesterday, and the stock that was killing me jumped up 250%. who really knows.
more than likely going red again today. markets down 200 pts already pre open.
and yet no one apologized to cordova or ardberg. hmmm.
clay is probably making a chart for my other stock that is up 101% today.
where do you think nikki is going.
downward dog turd? new yoga position?
dont be surprised if we go red again today. all markets were down pre open
could they change the share structure upon uplisting?
sideways is good
3 is my average.
you might want to check that. scottrade used to put a three day hold on anything i put in my account also. what they didnt tell me was that it was for buying stocks under a dollar. they said it was to protect me. yeah right. i missed out on some because i thought i couldnt use my money for three days, when i could. but they earned their profit off it im sure.
just got off the phone with td ameritrade about the cash for us stock holders. they are aware of it, and said a disbursment date hasnt been announced yet for it, and the canadian stockholders got their divy shares on the 13th. so its hurry up and wait time. but its all good.
dont be greedy! i want some too.
yours is the only td account showing that. mine doesnt as of now. also, just thinking out loud, maybe the uplisting is a condition of the coke deal. you dont just uplist over night, or a couple weeks. which means they have been working on it for a while.
we did have one his name was obama. people just dont know the crap he did behind closed doors because the media was in love with him. he should have been in jail.
nope
incorrect. it was acquired by cbmg in a reverse merger
What makes you think she is here? What did i miss.
some of you probably know this already but here you go. some friday morning reading.
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 than 10% of the company.
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.
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.
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.
A company has four 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.
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. The exact details of delisting depend on the exchange.
A:
The over-the-counter market is not an actual, physical exchange like the New York Stock Exchange or Nasdaq. Instead, it is a network of companies that serve as market makers in particular low-priced and thinly traded stocks. Thus, the OTC market is actually a quote system between these companies that buy and sell stocks "over-the-counter" and not "on the exchange." A publicly traded company can, in fact, switch from being traded over-the-counter to a stock exchange that it believes will be favorable to its financing efforts. However, the company must first meet the new exchange's financial and regulatory requirements.
Mechanics of Moving
First, the company and its stock must meet listing requirements for its price per share, total value, corporate profits, daily or monthly trading volume, revenues, and SEC reporting requirements. or example, the New York Stock Exchange requires newly listed companies to have 1.1 million publicly held shares, which must be held by a minimum of 2,200 shareholders. By contrast, the Nasdaq electronic exchange requires 1.25 million public shares held by at least 550 shareholders.
Second, the company must be approved for listing by one of the organized exchanges. It must first fill out an application and provide various financial statements verifying that it meets its standards. If accepted, the organization typically has to provide written notice to its previous exchange indicating its intention to voluntarily delist. The exchange may require the company to issue a press release notifying shareholders about this decision.
While a lot of fanfare may occur when a stock is newly listed on an exchange, especially the NYSE, a new initial public offering (IPO) is not carried out. Instead, the stock simply goes from being traded through the OTC market to being traded on the exchange.
However, the stock symbol may change. A stock that moves from the OTC to Nasdaq often keeps its symbol. Contrarily, a stock that moves to the NYSE often must change its symbol, due to NYSE regulations that limit stock symbols to three letters. The OTC and Nasdaq both allow up to five letters.
thats what i expect to happen if it uplists at all. based on history anyway. otc first, nasdaq later. time will tell. update on progress would be nice. everyone seems focused on nasdaq only thinking they are going to make a bundle real quick. dont count on it being quick, and dont be surprised when its otc instead of nasdaq.
ok, so ive stated this before. but this time ill ask the question and see what the answer is. maybe red, ardberg, cordova or kj can answer. How many apr shares do you get in october if apr doesnt uplist? and what will they be worth if the uplisting is only to the otc? an update on the progress of the uplisting either way would go a long way toward easing some anxiety i think. just looking at it as it is, and still holding.
no joke. apparently they provide the materials to saigon plastic and other packaging companies to make their packaging.
well damn. it was going to be saigon plastics. hope vinafilms works out.
maybe im confused about how a buy back works. but from what i understand, it usually results because a company has more cash on hand than it can spend. if that is the case the sp should be much higher that it is. doesnt make sense to me. unless there are unreported earnings from apr that we dont know about. thoughts?
i know im hoping it has something to do with their earlier relationship with spp. time will tell.
so here is a question. henry and phil helped spp get uplisted. they tried to uplist to nyse, it didnt work out. instead it was uplisted to the hanoi stock exchange. hnx. it currently trades for just over 4000 us dollars per share. where is, are, was the value to phil at? cant seem to find it anywhere.
im going to bed. ill try to find more later.
ok found this again. spp used to be called saplastic.
PRVH,NEWS
Providential Holdings Signs Agreement to Take Vietnam-Based Saplastic Public in the U.S.
Monday February 12, 9:38 am ET
LOS ANGELES, CA and HO CHI MINH CITY, VIETNAM--(MARKET WIRE)--Feb 12, 2007 -- Providential Holdings, Inc. (OTC BB:PRVH.OB - News) (German Stock Exchanges: PR7, WKN 935160), a company providing international advisory services specializing in mergers and acquisition and investing in the rapidly growing economies in Vietnam and Asia, announced today a definitive agreement to take Saplastic Co., Ltd. public in the United States and arrange $5M to $10M to help implement Saplastic's growth plan. Providential will receive stock from the new public company for its services.
Saplastic, certified under ISO-9001 and ISO-14001, is one of the fastest growing companies in Vietnam, specializing in the manufacturing and marketing of plastic packaging products for the Vietnamese and export markets. The company has a well-diversified client base and is recognized as an excellent brand name in Vietnam, which can be viewed at http://www.thuonghieuviet.com.vn/Vietnam/index.php?cmd=brand&cate=8. The company plans to increase new product lines and, with funding, execute a rollup strategy to consolidate selective targets and become a $100 million company during the next three to five years.
ADVERTISEMENT
Saplastic CEO Thai Q. Duong said, "This is indeed a major milestone for our company. We believe by listing our stock on a U.S. exchange, Saplastic will gain greater visibility, enhanced liquidity, and a higher valuation, which will enable us to raise the required capital to take our company to the next level."
Chairman and CEO Henry Fahman said, "We are pleased to seal the agreement with Saplastic as planned. We believe Saplastic is well positioned to create tremendous value for shareholders of both companies when it becomes a fully-reporting publicly traded company in the U.S."
About Saplastic
Saplastic, the short name for Saigon Plastic Packaging Co., Ltd., specializes in the manufacturing and marketing of high-quality plastic packaging products, including flexible packaging, calendars, lottery tickets, corrugated boxes, cardboard boxes, brochures, leaflets, posters, greeting cards, etc., serving a wide spectrum of industries in Vietnam and the export markets. The company was certified under ISO-9001 in 2000 and ISO-14001 in 2004 for its high-quality products and environmental control.
About Providential Holdings, Inc.
Providential Holdings and its subsidiaries engage in a number of diverse business activities, the most important of which are M&A advisory services and independent energy. The company acquires and consolidates special opportunities in selective high-growth industries to create additional value, acts as an incubator for emerging companies and technologies, and provides financial consultancy and M&A advisory services to U.S. and foreign companies. For more information on Providential Holdings and its subsidiaries, visit http://www.phiglobal.com. As part of its activities in Vietnam, Providential has been hosting seminars in conjunction with the Nasdaq Stock Market, the Vietnamese Chamber of Commerce and Industry and a leading U.S. investment-banking firm to help Vietnamese companies go public and raise capital through the U.S. financial markets.
still searching for more.....
ok found the company. it was saigon plastic packaging. im still trying to find the info on how phil was connected to it. it was in a previous post of mine but for some reason it was deleted.
that wasnt it. it was another plastic company in nam they were trying to get listed on nyse. it didnt work but they did get it uplisted on the hanoi exchange. i believe the pps of the company was currently around 4000 us. if its the same company it should be real good. i do some digging and see if i can find it again.
isnt this the plastic company they tried to get uplisred to nyse and failed, but did get it uplisted to the hanoi exchange? seems i remember that from my research. im at work and cant do a lot of digging right now.
i have no idea. id be happy in the .10 to .20 range for now. no news about the deals yet. everyone is waiting for that. but unless some revenues start coming in the price isnt going anywhere. if were in this range when news does come out, the whole sell the news buy the rumor mentality worries me.
here is the email i got from henry.
Danny,
FYI: Please refer to the filing with the SEC via this link: https://www.sec.gov/Archives/edgar/data/1378624/000137862407000006/f10sb3ebig.htm
"On August 23, 2002, the Company, known as ATC Technology Corporation at the time, entered into an agreement with Providential Holding, Inc. (PHI) to sell all the issued and outstanding shares of the Company for certain valuable consideration in the form of PHI stock and promissory notes. Due to PHI’s defaults on certain obligations from the August 23, 2002 agreement to Keith Wong, Norm Klein, HPE and Fogel International, on July 21, 2003, PHI agreed to issue its convertible promissory notes to Wong, Klein, HPE and Fogel International (representing Lawrence M. Fogel, Ian Subel and Lynelle Berkey) in exchange for certain of the obligations of ATC owed to each of them and to provide additional capital to ATC. However, the transactions agreed upon on July 21, 2003 were not consummated with the result that ATC still owed substantial amounts to Wong, Klein, HPE and Fogel International, all of whom also had claims against PHI based on the July 21, 2003 agreement. ATC also owed PHI substantial sums. In addition, ATC owed Wong accrued, but unpaid salary, reimbursement for travel expenses incurred by him for the benefit of ATC and monies advanced by him to ATC as emergency loans to permit ATC to remain in business. ATC was authorized to issue 300,000,000 shares of common stock. 100,000,000 shares were issued and outstanding. On July 20, 2004 PHI distributed 20,000,081 shares of ATC common stock to 1,600 PHI shareholders as a special dividend from PHI, which wholly owned ATC. The remainder of ATC’s issued and outstanding shares of common stock, 79,999,919 shares, were held by PHI."
Best regards,
Henry
____________
Henry Fahman
Chairman & CEO
PHI GROUP, INC.
5348 Vegas Drive # 237
Las Vegas, NV 89108
Tel:(702) 475-5430; Fax: (702) 472-8556
Cell: (714) 642-0571
Skype:namhaf
Email: henry@phiglobal.com
Web site: www.phiglobal.com
you look at it with rose colored glasses because you made money. i get it. i dont. i look at what the filings say and dont sugar coat them. im still holding my shares in phil. well see how the future goes. i hope we all make a ton of money on the deal.
thats not uplisting to nyse, which is what has been claimed. they changed their name to eastbridge and were reverse merged into cmbg. phil had nothing to do with that. phil and atc parted ways due to lawsuits between the two over who owed who money. i got that from henry. you profited because of the shares that were distributed prior to cmbg absorbing them through the reverse merger.