Replies to post #21801 on CyberKey Solutions fka CKYS

[BirdsOfFire]

'gabeh', Thanks but have a couple of questions about your comments. See your writing below:

...The company has no debt and he has no intention of going in that direction. Sounds like they'll be able to finance their growth from earnings. Financials are finished for 2005 and 2006 (not sure what their year end is) and withing weeks of comppletion for 2004. Once completed they are qualified to move to the AMAX or NASDAZ...

1. Are you saying that Mr. Plant told you that the A/F's for 2006 and 2005 are completed the 2004 financials are being worked on?

2. Are you saying that Mr. Plant told you that once the A/F's are completed, they are qualified to move to the AMEX (instead of AMAX) or NASDAQ (instead of NASDAZ)? What happened to uplisting to the OTC? I assume you are saying that the OTC is a part of the NASDAQ? Is that what you are saying?

3. I just wanted to separate opinions from fact.

Thanks

[Divine Madcat]

Interesting - a move to Nasdaq would be great; they require a share value of at least a dollar (among other things of course); that is a PPS that i am sure everyone here would just die to see (how many millionaires would be made?). I would say Amex is a bit more realistic of a shot, and would still be a great move; much better than just OTCBB.

Now - did he mention AMex and Nasdaq, or are you throwing it in? Not trying to accuse, but with announcements like that, it needs to be clear as to who is really saying what.

[HotStocks1]

If the 2006 & 2005 Financails are done and all they need to do is the 2004 then we are set. In 2004 the co. did very little buisness. AF's will be fine.

[AngelHillCorp]

Gabeh .. That was very nice ... Thank You

[DD-214]

gabeh, excellent information.....thx!

[Rufny]

ATTENTION:POST 21801:PUT IT UP IN IBOX"Memorable posts"section please..Ruf

[Zorkkum]

gabeh .. whoa! amex or naz? is that possible???

[varok]

Good Evening,

Thank you for sharing your discussion.

I only have one comment as you wrote.

"Once completed they are qualified to move to the AMAX or NASDAQ."

You may correct me,but I believe this to be your assumption,correct?

Here is the reason why I doubt Mr. Plant would assume this after the completion of the audits.

First: To move to NASDAQ requires a minimum share price of $4 just to come on board and $1 to stay listed..The company easily meets other requirements so I won't go there.

The other exchange AMEX requires a minimum of $3 just to come on board and the other requirements like # of shareholders,minimum equity value as above is easily met.

The OTCBB requires just filings without a share price value.

My guess is that the company probably would want to get listed on the OTCBB first and let the share price move up on fundamentals and revenue growth verses Market Cap and eventually consider a higher exchange,but really isn't necessary for AMEX or Nasdaq at this time since many good companies start in this venue.

The problem presently with NASDAQ and AMEX is the minimum share price requirement..

To move to these exchanges doesn't commend our company to instantly trade at $4 and $3 respectively.The company has to well in advance trade in this value before getting listed and under the current share structure will give us a Market Cap of $2.8 billion(NASDAQ)and $2.1 AMEX.

In order for the company to reach this milestone on minimum required value for these exchanges is get the current share price to lets say .30 and do a R/S to get to the required dollar per share value and get the market cap to a reasonable fair value on what is perceived by true accounting.

You can see that $2.8 and $2.1 billion on existing O/S of 700 million is way overvalued and unlike the pennyarcade where MMs control the action the higher exchanges have floor brokers that compete on the buy and sell of securities..

So my guess without the drastic step that many companies undertake to go higher and one that comes to mind is GTE..Remember when it traded on the pinks and wanted to move and did to AMEX..They moved the price on the pinks to around .25 and R/S to meet the required $3..Even though the quantity of shares was reduced,the dollar amount investment was the same..So no real loss,but eventually things turned for the worst and you get the point.

Incidentally,I was for the split at the time on GTE since they had a reasonable business model and felt they could sustain the price..Oh well,that was then and now we have this issue.

So you see why I believe a more prudent approach is the OTCBB and let the company bring in the revenue and continue Brand building and eventually the price will rise and then at the right time when the share price has reached the required minimum,we all have still very much our ROI as shareholders.

Have a good day
Varok