Walsh - Good post. Interesting thing about this information is the tendency for it to become a self-fulfilling prophecy as it is communicated to the shareholder base. Our core group on the board has known for some time from HRCT's public communications that the AMEX application [Listing Standard #3] was being prepared.
Along came Stockgate, which dragged down most of the penny stocks by as much as 80 to 95%. HRCT's share price actually held up relatively well in comparison to most other penny stocks that I watch.
It certainly does not seem like it would take much in the way of additional public communication from HRCT to move us above a $50M market cap [the .30 share price that you reference]. After all, we were over a dollar last year without the building blocks for an AMEX listing assembled.
Many companies experience a nice bump in their share price after an AMEX listing, so there is a relatively small window of opportunity here in the 20 cent range to get in before we qualify for AMEX LS #3 based upon market capitalization.
I would not be at all surprised to find out that Carrie has been focused on the other qualitative listing requirements [qualitative factors such as 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] including corporate governance and Sarbanes-Oxley compliance issues.
So it is entirely possible that we are closer than we think to an AMEX listing approval [IMO].
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