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Re: pennybuffet post# 7197

Friday, 11/05/2010 3:01:54 PM

Friday, November 05, 2010 3:01:54 PM

Post# of 20371
Realizing first, of course, that this is all still speculation:

IF AriZona is trying to go public with the intent of selling their shares at 'fair' (market) prices, they have 90 days to decide on the price (IE, go public and quote the sale based on the price of the stocks).

BUT

If they want to get listed on the NASDAQ they have to have a quote of $4.00 or above for a consecutive 30-days (one month) (among other rules for getting listed)

Which means that their time from filing the petition is cut from 90 to 60 days.

The article was originally published October 11'th, which was 25 days ago - which cuts 60 down to 35 days.

And, assuming they will want the listing to get visibility on the NASDAQ (to raise the pps even higher, assuming that would happen on a major market like the NASDAQ), they would want the stock to be listed for at least a few days.

So - unless I am wrong, which I could be, as this is the first penny-stock I've traded in my life (lucky break, I know) - it seems as though this news would have to hit post haste! Like, pronto!

Just my thoughts
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