Replies to post #8101 on Syncora Holdings Ltd. (fka SYCRF)

[betahighlander]

a) Entry Fee

(1) A Company that submits an application to list any class of its securities (not otherwise identified in this Rule 5900 Series) on the Nasdaq Global Market, shall pay to Nasdaq a fee calculated on total shares outstanding, according to the following schedule. This fee will be assessed on the date of listing on the Nasdaq Global Market, except for the application fees described in paragraph (a)(11), below.

Up to 30 million shares $125,000

30+ to 50 million shares $150,000

50+ to 100 million shares $200,000

Over 100 million shares $225,000

http://nasdaq.cchwallstreet.com/nasdaq/main/nasdaq-equityrules/chp_1_1/chp_1_1_4/chp_1_1_4_3/chp_1_1_4_3_11/default.asp

(c) Standard Annual Fee — Domestic and Foreign Issues

(1) The issuer of each class of securities (not otherwise identified in this Rule 5900 Series) that is a domestic or foreign issue listed on the Nasdaq Global Market shall pay to Nasdaq an annual fee calculated on total shares outstanding according to the following schedule:

Up to 50 million shares $40,000

50+ to 75 million shares $46,500

75+ to 100 million shares $69,000

100+ to 125 million shares $93,000

Over 125 million shares $125,000

(2) The Nasdaq Board of Directors or its designee may, in its discretion, defer or waive all or any part of the annual fee prescribed herein.

[rockraider3]

I was about ready to post that Syncora would not meet listing requirements for the NASDAQ (or NYSE). But I see you have now covered that.

Also, and maybe more importantly, a company in run-off isn't going to pursue listing on an exchange. If we are to be listed, it would be in conjunction with (or shortly after) the handcuffs coming off from the NYID and an announcement that we are looking to write new business. And that announcement would likely come after we get rated by one of the rating agencies.

I guess if you wanted to get really speculative, I suppose they could use an exchange listing as leverage to get a better price from AGO... assuming AGO is attempting to acquire us, and the specter of Syncora getting listed and ready to announce they can/will write new business is something that AGO wants to block. But I wouldn't go there, personally.