RE: CAB goes for Big Board TSE ListingI love it when the expert save the day.....
Perry would you be so kind as to document for us where it states that stock have to trade above $2.00 to be on the tse???
There are no minimum price requirements it all a matter of quoted market value
For those interested in facts the document is called "Summary of TSX and TSX Venture Listing Requirements for
Industrial, Technology, and Research and Development Companies" ad can be found on www.tsx.com
I pasted below the actual requirements it is available on the tsx, it being a PDF it does not paste well
For detailed information about listing on TSX or TSX Venture:
visit www.tsx.com or contact Client Development at tel. 416-947-4728 or 1(888) 873-8392 or email listings@tsx.com
Summary of TSX and TSX Venture Listing Requirements for
Industrial, Technology, and Research and Development Companies*
Minimum
Listing
Requirements
TSX Venture
TIER 1
Technology or
Industrial
Companies
TSX Venture
TIER 2
Technology or
Industrial
Companies
TSX Venture
TIER 1
Research &
Development
Companies
TSX Venture
TIER 2
Research &
Development
Companies
TSX
Technology1
Companies
TSX
Research &
Development
(R&D)
Companies
TSX
Companies
Forecasting
Profitability
TSX
Profitable
Companies
TSX
Senior
Industrial
Companies
Earnings or
Revenue
Category 1:
$100,000 pre-tax
earnings in last
year or in last two
of three years
Category 2:
Management plan
demonstrating
reasonable
expectations of
earnings within 24
months
Category 3:
$200,000 pre-tax
earnings in last
year or in last two
of three
Category 1: $50,000
pre-tax earnings in last
year or in last two of
three
Category 2: $250,000
operating revenue
Category 3: Two year
management plan
demonstrating
reasonable likelihood
of revenue within 24
months
- - - - Evidence of pretax
earnings2 from
on-going
operations for the
current or next
fiscal year of at
least $200,000
Pre-tax earnings
from on-going
operations of at
least $200,000 in
the last fiscal year
Pre-tax earnings
from on-going
operations of at
least $300,000 in
the last fiscal year
Cash Flow
- - - - - - Evidence of pretax
cash flow2 from
on-going
operations for the
current or next
fiscal year of at
least $500,000
Pre-tax cash flow
from on-going
operations of at
least $500,000 in
the last fiscal year
Pre-tax cash flow
from on-going
operations of
$700,000 in the
last fiscal year and
average of
$500,000 for the
past 2 fiscal years
Net Tangible
Assets
Category 1:
$1,000,000
Category 2:
$5,000,000
Category 3: N/A
Category 1: $500,000
Category 2: $750,000
Category 3: $750,000
$5,000,000 $750,000 - - $7,500,0003 $2,000,0003,4 $7,500,0003
Adequate
Working
Capital and
Capital
Structure5
Categories 1 & 3:
Adequate financial
resources for 18
months
Category 2:
Working capital for
18 months (incl.
$100,000
unallocated funds)
Category 1: Working
capital and financial
resources for 12
months
Categories 2 & 3:
Working capital and
financial resources for
12 months (incl.
$100,000 unallocated
funds)
Working capital
and financial
resources to cover:
- work program
(minimum
$1,000,000)
- 18 months G&A
- $100,000
unallocated
funds
Working capital
and financial
resources to cover:
- work program
(minimum
$500,000)
- 12 months G&A
- $100,000
unallocated
funds
Funds to cover6 all
planned
development
expenditures,
capital
expenditures, and
G&A expenses for 1
year
Funds to cover6
all planned R&D
expenditures, G&A
expenses, and
capital expenses
for 2 years
Working capital to carry on the business and an appropriate
capital structure
Cash in
Treasury
-
-
-
-
Minimum $10 million
in the treasury
Minimum $12
million in the
treasury
-