Replies to post #339854 on Digital Brand Media and Marketing Group Inc (DBMM)

[JohnGlen1976]

Great Post!!

[THall]

If you would just read the requirement to be listed on NASDAQ you would know how ridiculous your statement is. DBMM does not even come close to meeting NASDAQ requirements and in no way can possibly be eligible for several years. DBMM would need to do a 180 with the company and after 20 years of failure I don't see that happening.

The regular bid price of shares of the company's stock at the time of listing must be at least $4.00; however, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements. Typically, there must be at least three (or four depending on the criteria) market makers for the stock.

Companies must have a minimum of 1,250,000 publicly traded shares outstanding upon listing, excluding those held by officers, directors, or any beneficial owners of more than 10% of the company.

To stay listed on the Nasdaq, a company must continue to meet the minimum listing requirements or risk being delisted and removed from the Nasdaq exchange.
Companies must also have at least 450 round lot (i.e., 100 shares or more) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.

Depending on the types of securities listed and the company's size, an application fee of $5,000 to $25,000 is required. Companies must also pay an entry fee, which can range from $50,000 to $270,000. There are also fees depending on the number of shares listed, which range from $100,000 to $150,000.

There are also several other fees, depending on the type of company, including an annual listing fee, small-cap fee for smaller companies, and fees for additional services or changes such as record-keeping and additional shares issued.

In addition to the above requirements, financial standards need to be met, depending on the type of security being listed, which are outlined below.

Required Financial Standards
Standard No. 1: Earnings
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the previous two years at least $2.2 million, and no single year in the prior three years can have a net loss.

Standard No. 2: Capitalization With Cash Flow
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. Also, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.

Standard No. 3: Capitalization With Revenue
Companies can be removed from the cash flow requirement of the second standard if their average market capitalization over the past 12 months is at least $850 million and revenues over the prior fiscal year are at least $90 million.

Standard No. 4: Assets With Equity
Companies can eliminate the cash flow and revenue requirements and decrease their market capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 million.

[RickNagra]

Oh wow.