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Smith111

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Smith111

Re: watchdog11 post# 6641

Saturday, 09/10/2005 2:44:26 PM

Saturday, September 10, 2005 2:44:26 PM

Post# of 10735
"...I don't think they will qualify for NASDAQ based on the absence of historical audited financials."

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They will have 2 years of "historical audited financials." That will allow them to pursue a NASDAQ listing. By that time, they will probably have another year or two of audited financials from their listing on the OTCBB. If they maintain the PPS above required levels, and their audited financial statements are accurate, they could very-well qualify for a NASDAQ listing at some point. I can't see this happening right away, but it is definitely possible.

"Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble... to give way to hope, fear and greed."

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