GREY:WSCEE - Post by User
Comment by
chipmonk123on Aug 21, 2006 3:31pm
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Post# 11253064
RE: tbrown
RE: tbrownI had to look it up this morning, so...
There is an option (Standard 3) for listing with a $2 share price if the Market Cap is > $50M, the market value of the public float > $15M (>400 round-lot shareholders and at least 1M shares; Comeau's shares wouldn't count as he is a director) and Shareholders Equity > $4M.
WSCE has only about $3M in Shareholder's Equity at present, so they would have to have a $3 share price to qualify at this time.
It's fun to imagine. Lots of warrant and option holder's would love to see this happen too.
chip