Replies to post #5378 on World Surveillance Group Inc (fka WSGI)

[justfrank]

They'll list it as is , from my understanding. One of the reasons Huff has pursued listing on that exchange.

[Tom_H_68]

Nope...

Listing Standards for U.S. Companies
The American Stock Exchange has established certain quantitative and qualitative standards for the initial listing of U.S. companies.

Quantitative Standards
Standard 1

Shareholders' equity $4 million
Pre-tax income $750,000 in last fiscal year or in two of the last three fiscal years
Distribution1 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 previous 6 months
Price $3
Market value public float $3 million


Standard 2

Shareholders' equity $4 million
History of operations 2 years
Distribution1 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 previous 6 months
Price $3
Market value public float $15 million


Standard 3

Shareholders' equity $4 million
Total market capitalization $50 million
Distribution1 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 previous 6 months
Market value public float $15 million



Standard 4

Total market capitalization $75 million
OR
total assets and revenue of $75 million each in the most recent fiscal year or in two of the last three fiscal years
Distribution1 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 previous 6 months
Price $3
Market value public float $20 million



1 Public shareholders and public float do not include shareholders or shares held directly or indirectly by any officer, director, controlling shareholder, or other concentrated (10 percent or greater) affiliated or family holdings.


GTEL would fall under Standard 3

Tom