Replies to post #139139 on MyECheck, Inc. (fka MYEC)

[Hole shot King]

Investopedia explains 'Nasdaq SmallCap Market'

The Nasdaq Capital Market makes it relatively easier for early-stage companies to get listed compared to other senior exchanges with more onerous requirements. In order to list initially on the Nasdaq Capital Market, companies must meet all of the criteria under at least one of three listing standards - the equity standard, the market value of listed securities standard, or the total assets/total revenue standard.

http://www.investopedia.com/terms/n/nasdaq-smallcap-market.asp

senior exchanges ? sounds familiar it is in a PR!

NASDAQ National Market (NASDAQ)

The NASDAQ National Market imposes minimum bid price, quantitative and other criteria in determining whether a company will be permitted to list its stock on the NASDAQ.

Initial Minimum Bid Price for Stock. The stock must have a minimum initial bid price of $5.00, and must later remain at or above $1.00. This requirement serves as a safeguard against certain market activities associated with low-priced securities, and protects the credibility of the NASDAQ market.


Quantitative Requirements. To be listed on the NASDAQ National Market, a company must have net tangible assets of $6 million and net income in the latest fiscal year or two of the past three fiscal years of $1 million. In addition, these companies must have a public float of $1.1 million, a market value of the public float of $8 million, a minimum of 400 shareholders, and at least three market makers.


Capitalization Alternative. Companies that do not meet the quantitative requirements may nevertheless be listed on NASDAQ if they have a market capitalization of $75 million or total assets of $75 million and total revenues of $75 million, an initial minimum bid price of $5.00, and meet certain other requirements.


Peer Review Requirement. The practices of all independent auditors for companies listed on the NASDAQ are subject to monitoring under a peer review system. Also, the quality control systems of accounting firms of NASDAQ-listed companies are reviewed by peers every three years.
NASDAQ SmallCap Market Listing Requirements

Small capitalization companies can be listed on the NASDAQ SmallCap Market if they have: (1) net tangible assets of $4 million, or (2) $50 million market capitalization, or (3) net income in the latest fiscal year or two of the past three fiscal years of $750,000. In addition, these companies must have a public float of $1 million, a market value of the public float of $5 million, a minimum of 300 shareholders, and at least three market makers. Also, these companies must have an operating history of at least one year or $50 million market capitalization. The initial minimum bid price is $4.00 and the same ongoing minimum bid price and peer review requirements as are set forth above apply.

Source: NASDAQ

http://smallbusiness.findlaw.com/business-finances/markets-and-listing-requirements.html

- See more at: http://smallbusiness.findlaw.com/business-finances/markets-and-listing-requirements.html#sthash.aPHiJAcz.dpuf

[The_Free_Nebula]

Correct.....but without a R/S then rapid growth in revenues and actual earning will be needed to begin to move the behemoth share structure. Share buy back is another possibility but I would imagine the money is needed for other things ...until one of these things happen the share price will lose its charge under the excessive sell pressure here on any advance.....something will have to give

[nicehit]

I disagree... If you are a paper pushing , got toxic financing in place, no revenue growth company then yes most likely the price will revert back pre-R/S.

However, fact... If you have an R/S supported by growing revenues you will not lose anything. Your post split share will be equal value and will exceed pre split share price.

Went thru this with AIG and a couple other companies with no problem.

As long as we don't have toxic funding in place we are good.