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Thursday, May 05, 2022 3:28:55 PM
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.
Based on the most recent Annual report, the company meets Standard No. 4.
HUGE NEWS!!!
Early investors in @CGCXofficial converted their preferred shares to common shares with ongoing restrictions to bolster market cap of $MJWL since the preferred shares are not included in the market cap computations. Long term HODL expecting true valuation to be reflected soon.
— Majic Corp (@MajicCorp) May 5, 2022
WTF!!!???
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