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Monday, January 23, 2017 10:36:06 PM
Silver - Thank you for your response --
Not sure that I'm following along here, completely.... 1. You're saying that the deal inked with the mystery OEM enables SGLB to qualify from the shareholder equity standpoint, because news of the deal has moved the stock and the co's market capitalization above whatever the shareholder equity minimum is?
2. "...Closing Price Alternative..." regarding the language you've excerpted below any one of the 3 conditions satisfies this other requirement? If so, which of the 3 conditions apply to SGLB?
SGLB clearly doesn't have the 6 million in average sales, over 3 years. They don't have the net tangible assets of 5 million, do they? So, is it (iii) -- the net tangible assets of 2 million plus the 3 year operating history? What about the "in addition to satisfying the other financial and liquidity requirements listed above..." ?
What are the additional financial and liquidity requirements?
Thank you
Risk,
With the recent deal win from the mystery OEM, SGLB will meet the shareholder equity requirement listed under the NASDAQ Capital Market initial listing category of 'Equity Standard'. With the exception of the current share price that is. And, as below options show, they meet the option of using the 'closing price' option once they clear and hold $3.00 per share.
All the best,
Silversmith
** To qualify under the closing price alternative, a company must have: (i) average annual revenues of $6 million for three years, or (ii) net tangible assets of $5 million, or (iii) net tangible assets of $2 million and a 3 year operating history, in addition to satisfying the other financial and liquidity requirements listed above.
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