TSXV:MRS.H - Post by User
Comment by
old_dogon Oct 01, 2020 12:48am
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Post# 31647136
RE:RE:RE:Load up !!
RE:RE:RE:Load up !!ronnieroll wrote: What are the rules to be listed on NASDAQ?
- Shareholders Equity of at least $2,000,000.
- At least 100,000 shares of public float.
- A minimum of 300+ shareholders.
- Total assets of $4,000,000.
- At least two market makers.
- $3 minimum bid price of the company stock.
- Public float market value of $1,000,000.
You see this is where some people lose their grip on reality. The company has 200,000,000 shares out +/- 10 million. The share price would need to be $3.00 min...so you really need a share price of $6.00 (6 old for 1 new share) after the consolidation. That would give you a share price in the 4.50 range once the dust settled. Then your next hurtle is all the shares the company would have to issue to bring the share count in line with requirements for listing. That would lead to dilution and people selling to get out. and a severe price drop.
Now if the share price was in the $4.00 (US FUNDS) range MRS would be good to go....but at 22 cents it's a just a joke to suggest listing to that exchange.
old_dog