Replies to post #5599 on TransGlobal Assets Inc (TMSH)

[HighPriestess]

I have a buy in for 10,000 shares at .37 and not getting filled and 25,000 shares goes through at .35 below the BID. Is that legal?

Can the Market Makers actually sell shares lower than the current BID? Thank you.

[lmcat]

The initial listing pps for a NASDAQ listing is $4. The total assets requirement is $80 million. So under what provisions do you think TMSH would meet the requirements?

http://www.nasdaq.com/about/nasdaq_listing_req_fees.pdf

NASDAQ Global Select Market Initial Listing Requirements

Requirements Standard 1
Listing Rules 5315(e) and 5315(f)(3)(A)
Standard 2 Listing Rules 5315(e) and 5315(f)(3)(B)
Standard 3 Listing Rules 5315(e) and 5315(f)(3)(C)
Standard 4 Listing Rules 5315(e) and 5315(f)(3)(D)
Pre-tax earnings 2
(income from continuing operations before income taxes)
Aggregate in prior three fiscal years > $11 million and Each of the two most recent fiscal years >
$2.2 million and Each of the prior three fiscal years > $0

Cash flows
3

Aggregate in prior three fiscal years $27.5 million
and Each of the prior three fiscal years $0
N/A N/A
Market capitalization

Average > $550 million over prior 12 months
Average > $850 million over prior 12 months
$160 million
Revenue N/A
Previous fiscal year $110 million
Previous fiscal year $90 million

Total assets $80 million in the most recently completed fiscal year Stockholders’ equity $55 million
Bid price 5 $4 $4 $4 $4

governance
7 Yes Yes Yes Ye