Replies to post #303 on Pure Spectrum Lighting (PSRU)

[juk]

Listing Requirements of the American Stock Exchange - AMEX


--------------------------------------------------------------------------------


The American Stock Exchange is an attractive exchange for solid micro and small-cap companies. AMEX has three different listing and public shareholder standards with a number of differing combinations within. As a result, their listing requirements offers flexibility to companies operating in different market sectors.


AMEX Stock Exchange Listing Requirements

Requirements
Standard 1
Standard 2
Standard 3

Shareholders' equity
$4 million
$4 million
$4 million

Pre-tax income
$750,000 in last fiscal year or in two of its last three fiscal years
2 years
$50 million

Distribution
800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 months
800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 months
800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 months

Price
$3
$3
N/A

Market value public float
$3 million
$15 million
$15 million



The AMEX listing board also conducts a subjective review of all listing candidates looking at the:
nature of a company's business;
market for its products;
reputation of its management;
historical record and pattern of growth;
financial integrity;
demonstrated earnings power; and
future outlook
Company's board of directors must agree to abide by the corporate governance requirements of AMEX.

[StormyMonday]

Stockshateme, that is an excellent question and it rewards you a member mark. First off they have to get their audit finished before even making the application to the AMEX. That requirement is on the application. Now IMHO it is very possible that the company is ready to move forward with some large contracts soon and should that be announced these shares take off to the moon! Now if the shares get to 1.00 and or over the AMEX IMHO will consider and exemption to the minimum bid rule because of the bad economy. I am over loaded on these shares and I would never have bought them if I thought that a R/S is necessary.
GLTY