Yeah. That's what makes the prospect of it so good. IFFF they could qualify. I'd like that announcement whether they get approved or not. Because you are right. It would require a lot more shareholders:
2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
So, we don't qualify for high trading volume. And it would take more shareholders to get to over 30 cents to effect a reverse split of 1 to 10 (just a number thrown out there). It does indeed take more shareholders to drive the price up.
And it would imply all the other things required. And we could eliminate the first two standard which require 2 or 3 years company histories. I don't even think our company is two years old yet officially, so you can rule those out. That leaves:
Standard No. 3: Capitalization With Revenue
Companies can be removed from the cash flow requirement of the second standard if their average market capitalization over the past 12 months is at least $850 million and revenues over the prior fiscal year are at least $90 million.8
Standard No. 4: Assets With Equity
Companies can eliminate the cash flow and revenue requirements and decrease their market capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 million.8
Which means, they better get to WORK! I don't care if they get their by cooking the books, fudging the numbers, or what. It just shows if they are serious, our stock will have to go UP to meet those requirements. And the jacking around must come to an end. So, I'd love to see them shoot for Nasdaq. Whether they make it or not is not my concern. I'll cross that bridge when I get there and re-evaluate.
I don't give a flying #$#@ if it's a money laundering operation that produces those numbers. I don't care if those boxes we saw have cocaine in them! I don't even care if they shipoped a billion cases of wine. I just want them to put up the numbers, WORK, and SHOW US THE MONEY!!!!
