SMTE OTCBB added to NCM new symbol (SMTK)
Note: Rules for NCM companies vary from that of Main Board listings. For example, for a company to be listed on the New Capital Market they must have a minimum of 300 shareholders who are members of the public and are ordinarily resident in New Zealand, and initially no shareholder may hold more than 2% of the total shares on issue. NCM companies must raise between $400,000 and $600,000 through an Initial Public Offering. Directors can put in more money but the total proceeds from shares issued under can't be more than $1,000,000.
Click here: