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southacresdave

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southacresdave

Re: Berliet post# 68134

Wednesday, 03/21/2007 8:35:27 PM

Wednesday, March 21, 2007 8:35:27 PM

Post# of 173850
Berliet...They are aware of that they qualify for the AMEX and the Nasdaq Capital Market (aka smallcap). That's the most definitive statement I've received. In 1998 or so they used to be listed on the Nasdaq (under a previous CEO who screwed the company).

Even if they go above $5 I don't believe they would qualify for Main Nasdaq market yet due to their shareholder equity being $10.5M vs needed $14M. However, they should be above that level by year's end.

I assume they will eventually transfer. The company seems to be a no-frills, no b.s., plodder type. It's just a matter of time.
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