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Re: Sturgis post# 111807

Friday, 10/08/2021 3:54:27 PM

Friday, October 08, 2021 3:54:27 PM

Post# of 112647
The reality is that the NASDAQ doesn't have to accept them even if they qualify. I'm just looking at the lowest tier for entry "Nasdaq Capital Market: Financial and Liquidity Requirements". Minimum price requirement at best is $3, unrestricted publicly held shares of a million, They check very few of the boxes....

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.