Will Alpine be able to get listed on the NASDQ? Here are some of the requirements:
Listing Requirements for All Companies Each company must have a minimum of 1,250,000 publicly traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more than 10% of the company. Also, the regular bid price at the time of listing must be $4.00, and there must be at least three market makers for the stock. However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.
Two problems, as of now. If certain (unspecified) requirements are met, a $2 share price must be in place. Normally, a minimum $4 share price is required. (Long way from either of those, currently.)
And, the company must have a minimum of 1,250,000 publicly traded shares upon listing. Currently, only 95,470,00 ALPP shares are in circulation. To get to that larger number, there would have to be an approximate 24% dilution. To those of us with long, continuing ALPP positions, would this be worthwhile (at least until the share price significantly exceeds the $4 threshold)?