"will we be profitable this year?" ... Martin's response was an emphatic and UNAPOLOGETIC 'no, absolutely not'
My response to that is, --then forget about uplisting this year. Below are listing requirements for NASDAQ.(in addition to being above $2.00 for a min period of time.)
Listing Standard No. 1
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no one year in the prior three years can have a net loss. How is Martin going to meet this one by the end of 2014 win no earnings (profit)?
Listing Standard No. 2
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum. Must go to alternate Standard No 3.
Listing Standard No. 3
Companies can be removed from the cash flow requirement of Standard No. 2 if the average market capitalization over the past 12 months is at least $850 million, per otcmarkets.com, EWSI has market cap of only $9,693,591 today. To meet this requirement by December, 2014, EWSI stock would have to reach a price of well over $3.50 a share by June 30, 2014.
and revenues over the prior fiscal year are at least $90 million.-- Per PhredGarvin's post #39851, a reasonable estimate for 2013 is $19.179 M = way short now, but revs should be OK for fiscal 2014.
I'm long here, but in the red and not very sanguine about EWSI's ability to uplist this year or even in 2015.
IMO
AI
