ZERO-TO-100 here are some posts on up listing from Raging Bull.
They date back to the days following the SH meeting in Sept 2012.
This info may help you define what we have and need to up list.
By: bpeterson098 (Ragging Bull)
17 Oct 2012
I want to do a piece on up listing.
We all know that that we only need to meet 2 more of the "financial and liquidity" requirements. That's PPS and shareholders equity. And quite possibly we may have met the latter.
But as we are watching those two carefully, especially share price, we are anticipating that once we hit that $2 mark, it's go time. Well... not so fast gang.
Actually there is another requirement that needs to be met, and it will give us a better sense of timing and understanding when the up list is about to occur. This is known as the "Corporate Governance Requirements."
Granted, these requirements are easy to meet, and we have most of them met, except for a few key ones. But this will allow us to actually see almost exactly when we are filing for NASDAQ. Prior to filing there will be a few very specific 8-K reports. If you watch for these you will know that it's go time, but until then we will not file (even if we hit $2 and stay there) because we don't qualify.
We have to have a majority of independent directors. Currently we don't have that. So watching for changes in the board of directors will be a big cue to us that the final pieces are being put in place.
Secondly the audit committee can only be make up of independent directors. And there has to be a minimum of 3 members. Currently Cecil (non-independent) is the chairperson and we have only 2 members.
These changes are to make easy and can happen quickly. But until an 8-K report is filed showing that we added new independent directors to the board, we will not be up listing. So keep and eye out for that.
By: CrazyOne /JT ( Ragging Bull)
10 Oct 2012
when “Gec” posted that a company rebounding from a professional hit piece are almost unheard of. We could have easily been trading sub-pennies right now if ZERO wasn't so rock solid.
I could feel the disappointment in Gec's post and I knew exactly what he was saying because the chances of ZERO coming back at all, or to the $1 level were very slim. That was then, and this is now. I think we are right back on track.
You have to understand how important the $2 is/was. We probably have reached the shareholder equity minimum, so once we were trading at $2 above the bid, for 5 days we can apply for up listing which is a very, very, very rare occurrence.
Normally when a stock is up listed it produces triple digit returns in a very short period of time (Days) and that's what Gec was talking about partially. The reason for this rise in PPS is because many institutional investors are specifically prohibited from investing in low priced, OTC stocks. In addition to the limitations of institutional investors, some retail investors are unable to buy the stocks due to the limitations of their brokerage company, or just out of plain fear of OTC/Pinks.
Once the up list happens and we reach $5, the institutional money flows in from investors like Bill Ackman and Warren Buffett both of whom are known for recently investing in Bakken, driving both price and volume to incredible levels that I think will be well past $50. For example 2 years ago Sinocoke hit $58 in a few weeks after an up list.
By: 02infinity ( Ragging Bull)
22 Sep 2012
Nasdaq application/ reading between the lines.
Andrew Haag says that he has the Nasdaq application filled out and needs to go over it with Cecil. He turns and looks at Cecil with a smile. Cecil nods.
Then he goes on to list the criteria for qualifying for listing on the Nasdaq:
PPS= $2-$3 ( we do not currently meet)
Net Income= $4million (we do not currently meet)
Stockholder equity value= I couldn't hear the number he threw out, but he went on to say...(we do not currently meet)
And then he went on to explain how unexercised warrants are debt on the balance sheet and hold the value down until such time as the warrants are exercised. He clearly gave Cecil's exercising (not as the Santa Barbara Athletic Club) of his warrant this week as a help to us meeting this qualifier. And then, not so subtly, hinted that others should do the same to help the company meet this requirement.
This team is very, very, very bright and clearly are on a path to success. They have a lot on their plates and they would not be looking at an application submission for Nasdaq unless they were confident that a deal was imminent. How else are we to meet the income requirement? And of course meeting the income requirement will naturally lead to the stock price rocketing past $2.
Additionally, doing what I do for a living, I pay very very close attention to language, and non-verbal communication. And with language, I did count that three times they mentioned an unnamed oil company was flying in soon to meet with STWA at our house in Santa Barbara. And that this is a company they have been in discussion with for some time.
By: boo4321 ( Ragging Bull)
22 Sep 2012
Oh! Just thought of another biggie- When they were talking about the NASDAQ thing (and everyone, *please* exercise your options asap, wish i had some or could still attain some) someone asked if they would ever consider a reverse split to up the share price.
Maybe you had to be there, but the absolute and instantaneous "No." combined with Cecil's body language and smirk spoke volumes about the confidence all of the team members were exuding. The room erupted in applause.
It's a long detailed process, but i don't think anyone in that room doubts it will happen.
By: flubug ( Ragging Bull)
21 Sep 2012
I was also at the shareholders meeting today and wanted to add my two cents in the for what its worth column.
First let me say that I was very impressed by the management team Cecil has put together to help him lead STWA. Each guy is a proven professional in their individual fields of endeavour. Their expertise and experience will prove invaluable in putting this ship on a proper course to financial success.
Another thing that came up early in the discussion and it was Cecil that began the conversation was regarding the up-listing of the STWA stock from the pink sheets to the NASDAQ exchange. It was immediately apparent that this is a very high priority for the management team. Cecil mentioned that they have received the application they need to fill out and submit but he also said that STWA doesn't quite meet some of the performance criterion required to earn a NASDAQ listing.
As has been mentioned before the stock price has to reach some minimum value of I think between $2-3.00 per share for listing. Cecil then went on to talk about another criterion required by NASDAQ and that is shareholder equity. He said that we were close in this department but not quite there yet. He went on to say that the stock option he just recently exercised for .25 Cents a share greatly improved the shareholder equity profile and got us closer the level required for a NASDQ listing.
We may wonder and speculate as to his motives for exercising these options now as opposed to a year from now but maybe the reason may have been as simple as him making a personal financial decision to try and help us all by getting SWTA on NASDAQ as soon as possible.
I'm just saying.
