InvestorsHub Logo
Followers 0
Posts 27
Boards Moderated 0
Alias Born 04/14/2001

Re: Bixmann post# 1951

Thursday, 05/24/2001 7:02:30 PM

Thursday, May 24, 2001 7:02:30 PM

Post# of 3174
Re: NAZ listing

Looks to me like this is a long way off. They need another $7,000,000 in net tangible assets for a NASDAQ Smallcap initial listing.

The last 10Q shows the company with a book value of negative $1,826,803. Included in their assets is goodwill of $1,262,776. Net tangible assets is therefore negative $,3089,579. Add the $4,000,000 required by NASDAQ and you get over $7,000,000 in additional equity required.

http://www.nasdaq.com/about/scm.stm

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.