Here's why CSHD will never qualify for the Naz
Please provide the following information in a separate attachment to this application.
The fact that an applicant may meet NASDAQ’s numerical guidelines does not necessarily mean that its application will be approved. In connection with the review of any application, and as set forth in the NASDAQ Marketplace Rules, NASDAQ reserves the right to request additional information
documentation, public or non-public, deemed necessary to make a determination regarding a security’s qualification for initial inclusion, including but not limited to, any material provided to or received from the Securities and Exchange Commission or other regulatory authority.
Board Composition and Committees
1. Submit a completed Corporate Governance Certification Form, a copy of which can be found on the NASDAQ.com website. Please note that this form need not necessarily accompany the company’s initial submission.
2. Provide a list of all independent directors, as defined in NASDAQ Marketplace Rule 4200. Please indicate each director’s board committee participation.
Regulatory Proceedings/Litigation
1. Provide a detailed description of all inquiries, investigations, lawsuits, litigation, arbitration, hearings, or any other legal or administrative proceedings:
• initiated, conducted or being conducted by any regulatory, civil or criminal agency (including but not limited to the SEC, NASD, state securities regulators, Commodities Futures Trading Commission, Department of Justice, state bar associations, state boards of accountancy, or any foreign regulatory, civil or criminal authority);
• in which claims were asserted under federal and/or state securities, tax or bankruptcy laws; or
• in which claims were asserted otherwise alleging fraud, deceit or misrepresentation and seeking damages in excess of $50,000.
Provide your response to this question with respect to:
A. the company, its predecessors and its subsidiaries;
B. past and present officers and directors of the company. With respect to past officers and
directors, you may limit your response to matters that occurred in the past five years. If
any past officer or director was terminated for cause, or if the company has been involved
in litigation with any past or present officers, please provide details of such matters in your
response; and
C. five percent or greater shareholders in the company.
In connection with any such proceedings that have been concluded, please provide documentation, which reflects the final disposition of the proceeding. Please note that there is
no past limitation on the time frame covered by this request and that this request is ongoing.
The company should update Staff promptly of any and all material developments related to the
matters identified in response to this question.
2. Upon review of the information provided by the applicant in response to Item 1, Staff may
request additional information, such as copies of all court and administrative filings, and
documents, which reflect the substance of the allegations of any proceedings described above,
and the sanctions imposed, including but not limited to, complaints, indictments, opinions,
orders, final judgments, letters of censure, consents, undertakings and SEC formal orders of
investigations.
"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa
