Marygold Companies Inc (MGLD)

[DrD]

CNCG at the doorstep of up-listing, $2.50/share is first magic number

From the 2019 CNCG Chairman's letter:

"One thing we have recently done, is engage Maxim Group LLC to provide investment banking services. See Note 17 in the 10K. As you know, one of my goals for the last three fiscal years has been to get our stock listed on a national exchange like the NYSE Amex. I am hopeful, with Maxim’s help, that this will be the fiscal year. If our stock price was at $2.50 per share, we would meet all the criteria for a listing on the NYSE Amex."

NYSE Amex Standard 3 requirements:
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STANDARD NAME.....................STANDARD NUMBER..............CONIERGE NUMBER (3)
Market Capitalization...................$50 Million.................................$38 Million ($76 mill @ $2.00 share)
Market Value of Public Float........$15 Million.................................$6 Million (~$15 mill @ $2.50 share)
Stockholders’ Equity....................$4 Million...................................$17 Million
Minimum Price.............................$2 Per Share.............................$.98
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(3) As of June 30, 2019

https://www.conciergetechnology.net/message-from-the-chairman/


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