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Re: IRISHBULL post# 146

Tuesday, 01/09/2007 7:14:22 PM

Tuesday, January 09, 2007 7:14:22 PM

Post# of 192
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.

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