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Re: lowtrade post# 2509

Wednesday, 11/10/2004 3:18:28 PM

Wednesday, November 10, 2004 3:18:28 PM

Post# of 157299
lowtrade,

I am not aware of any time period for market cap, I will take another look.
Here is some info for now..rock

Sec. 101.
GENERAL


The approval of an application for the listing of securities is a matter solely within the discretion of the Exchange. The Exchange has established certain minimum numerical standards, set forth below. The fact that an applicant may meet the Exchange's numerical standards does not necessarily mean that its application will be approved. Other factors which will also be considered include the nature of a company's business, the market for its products, the reputation of its management, its historical record and pattern of growth, its financial integrity, its demonstrated earning power and its future outlook.

See § 110 for special criteria relating to foreign issuers and Rules 1000, 1000A, and 1200 for rules relating to Portfolio Depositary Receipts, Index Fund Shares, and Trust Issued Receipts.

(a) INITIAL LISTING STANDARD 1

(1) Size --Stockholders' equity of at least $4,000,000.

(2) Income --Pre-tax income from continuing operations of at least $750,000 in its last fiscal year, or in two of its last three fiscal years.

(3) Distribution --See Section 102(a).

(b) INITIAL LISTING STANDARD 2

(1) History of Operations --Two years of operations.

(2) Size --Stockholders' equity of at least $4,000,000.

(3) Distribution --See Section 102(a).

(4) Aggregate Market Value of Publicly Held Shares --$15,000,000.

(c) INITIAL LISTING STANDARD 3

(1) Size --Stockholders' equity of at least $4,000,000.

(2) Total Value of Market Capitalization --$50,000,000.

(3) Aggregate Market Value of Publicly Held Shares --$15,000,000.

(4) Distribution --See Section 102(a).


(d) INITIAL LISTING STANDARD 4

(1) Total Value of Market Capitalization --$75,000,000; or

Total assets and total revenue --$75,000,000 each in its last fiscal year, or in two of its last three fiscal years.

(2) Aggregate Market Value of Publicly Held Shares --$20,000,000.

(3) Distribution --See Section 102(a).

(e) ALTERNATIVE LISTING STANDARDS

The securities of certain issuers which do not satisfy any of the Initial Listing Standards set forth in paragraphs (a)-(d) of this Section may be eligible for initial listing pursuant to the appeal procedures and the Alternative Listing Standards, specified in Section 1203(c).

(f) Closed-End Management Investment Companies --The Exchange will generally authorize the listing of a closed-end management investment company registered under the Investment Company Act of 1940 (a "Closed-End Fund") that meets the following criteria:

(1) Size --market value of publicly held shares or net assets of at least $20,000,000; or

(2) A Closed-End Fund which is part of a group of Closed-End Funds which are or will be listed on the Exchange, and which are managed by a common investment adviser or investment advisers who are "affiliated persons" as defined in Section 2(a)(3) of the Investment Company Act of 1940 as amended (the "Group"), is subject to the following criteria:

i. The Group has a total market value of publicly held shares or net assets of at least $75,000,000;

ii. The Closed-End Funds in the Group have an average market value of publicly held shares or net assets of at least $15,000,000; and

iii. Each Closed-End Fund in the Group has a market value of publicly held shares or net assets of at least $10,000,000.

(3) Distribution --See Section 102(a).

(g) The Exchange will generally authorize the listing of a unit if each of the component parts meet the applicable requirements for listing.

Additional criteria applicable to various classes of securities and issuers are set forth below. Applicants should also consider the policies regarding conflicts of interest, independent directors and voting rights described in §§120-125.
http://www.complianceintl.com/AmericanStockExchangeAMEX/AmexCompanyGuide/PART1/CRITERIAFORORIGINALLI...

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