Replies to post #22407 on Xcelerate Inc (XCRT)

[laraz5]

Dilution....Dilution....Dilution

Pay up shareholders?

The worst is yet to come?

There is no plan for success for XCRT only plans to reconstruct to put Mike in best position to cash out?

Reverse Split is the beginning of the end for the shell that never was?

IMO

[chemist72]

$27.5M required for Nasdaq Global Select Market.

I'm assuming they will try to get listed on Nasdaq Capital Market (NCM). There are 3 "Standards" for an initial NCM listing. The Standard I assume XCRT will file under is the Market Value of Listed Securities Standard. The other 2 listing standards for NCM are "Equity Standard" and "Net Income Standard". The Market Value standard does not require an operating history nor a $750K net income history.

Check out the requirements on page 11 at the link below.

https://listingcenter.nasdaq.com/assets/initialguide.pdf

The kicker for the Market Value Standard is given in a footnote on page 11 as follows:

Currently traded companies qualifying solely under the Market Value Standard must meet the $50 million market value of listed securities and the applicable bid price requirement for 90 consecutive trading days before applying.

How will XCRT meet the $50M market cap requirement and the minimum bid price requirement ($4) for 90 consecutive trading days? LOL

RS is the only way they will meet the minimum bid price requirement. As for the $50M market cap requirement, I have no idea how they are going to meet that requirement (current market cap is ~$20M). XCRT would need a share price of about $.115 to have a MC of ~$50M!