RE:Gain or retainMaterialsMan,
I think you and I were wrong about the hard $1.00 requirement for keeping a listing on the NYSE. I did some more digging the other day, and FURY trades on the AMEX portion of the NYSE, which seems to be more specific to small cap companies. There seems to be looser requirements for being on the AMEX based on the little I've read highlighted below.
I bought shares of AUMN earlier this year, which is a U.S. based junior and has been trading for well under $1.00 for at least the last five years. They were just recently triggered a warning by the NYSE for falling below 25 cents and are just now talking about a reverse SS.
As long as the share price gets to $1.00 in the coming months or by year end, we should be ok...
Just my opinion... DYODD
- Regular Financial Guidelines: The American Stock Exchange requires pre-tax income of $750,000 for most recent fiscal year or two out of the most three recent fiscal years, a market value of public float of $3 million, an initial minimum bid price of $3 and stockholder's equity of $4 million. There are no operating history requirements under the regular financial guidelines.
- Alternate Financial Guidelines: The American Stock Exchange also permits listing under its Alternate Financial Guidelines, provided a company has a market value of public float of $15 million, an initial minimum bid price of $3 and stockholder's equity of $4 million. The company must have a three-year operating history under this guideline, but there are no pre-tax income requirements.