Tekoah19, I submit that one should be careful of what one wishes for, as it may just come true. Case in point is COII which has been trading on the OTC for some time. It hit a high of $20 in the first part of March of 2000 and has had no problem staying above the $3.00 mark ever since. Like all OTCBB stocks it's stock price has been controlled by news releases and speculation. The company tried to get onto the Nasdaq and in fact was approved for listing by the Nasdaq on June 26, 2000 but the staff of the Nasdaq decided to postpone trading for further review and subsequently screwed around for 5 months until the stock price had dropped enough that they no longer quialified for listing. It had been trading in the $8 to $12 range for months. Then on Dec. 5, 2000 it was announced that COII would be moving to the AMEX and start trading on the 6th with the symbol CIO. The news of course spiked the share price from $3 to $4.75 and has subsequently been falling ever since. It hit a low of $1.12 on Dec 20, 2000 and until they start producing some large revenues they will continue to flounder and could drop even lower.
Is this what we really want for STRU? Trading on the OTC is different than being on a major exchange. The share price can fluctuate with percieved potential earnings, taking the stock to great heights without actually having any earnings. Once we make it to another exchange we must then prove our worth with earnings. Struthers is a fledgling upstart company and has yet to show any great earnings. It has potential for great earnings yes, but the buyers on the AMEX want to see those earnings now, not in the distant future. Listing on the AMEX too soon I believe would kill our stock and we would no longer see the trading and liquidity that we have now. And once we discovered that moving to the AMEX was a mistake, how long would it take to get back to the OTCBB? Another 8 months? No, I think that maybe we should be patient and let Struthers grow the business to the point where Nasdaq listing would be a natuaral and easy transition. If we have the earnings to support a share price over $5 then the MM's will have a tough time beating us down. The MM's have a whole lot more control over when or even if we get the the Nasdaq than one might think. The MM's make a lot more money on every trade of the OTC than they do with the Nasdaq and they aren't willing to let that cash cow go easily. Take a look at EDIG and you will see what power the MM's have over stock price and subsequently your chance of being listed on the Nasdaq.
