Friday, October 08, 2021 3:54:27 PM
https://listingcenter.nasdaq.com/assets/initialguide.pdf
Net Income from Continuing Operations (in the latest fiscal year or in two of the last three fiscal years)
I don't believe that have ever had a single year of net earning in the green.
Bid Price OR Closing Price*** $3 and $4
*** 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.
Cant hold $3 price level for closing.
>Voting Rights - Corporate actions or issuances cannot disparately reduce or restrict the voting rights of existing shareholders.
Jason holds 150K class "A" preferred shares and controls everything with the 15,000 to 1 voting shares of common.
Independent Directors - None
Audit Committee - Nope
Compensation of Executive Officers - does not have a compensation committee.
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