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Re: MikeD248 post# 3467

Tuesday, 09/30/2014 1:14:37 PM

Tuesday, September 30, 2014 1:14:37 PM

Post# of 12758
Considering the company is at a pre-tax loss, it is nowhere near $750,000 in pre-tax income.

So it misses qualification there.

Secondly, it has a shareholder deficit, and seriously misses the $4 million in shareholder equity, so it misses that qualification as well.

Third, it has a market cap of $15 million, which falls seriously short of the $75 million original listing requirements,

and finally, it falls very short of the $20,000,000 value of the public float.

Therefore, with all those misses, the $3 minimum bid price is moot.

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