RE:RE:email to Doc Walker re US distributionPleased to say I got a response, and a quick one at that! I should have asked if there were plans to list in the US.
"Unfortunately none of the wire services will post a press release unless we are listed in the US.
Please send me your full name and email address and I will make sure you are sent one form our Canadian IR group
Thank you for your continuing support.
Paul"
mercedesman wrote: imatryin wrote: Not holding my breath on a response.
Hi Dr. Walker,
I am a long-holding owner of Spectral stock and would like to understand why the company does not distribute its press releases in the US. I'm sure I don't have to state the obvious as to why it is important, and clearly it must be a calculated choice. As a shareholder I am confident in the value that Spectral holds or I wouldn't stay in it, but it is getting increasingly frustrating to see the lack of marketing efforts, especially when lesser stage competitive companies are enjoying many multiples the shareholder value.
Respectfully,
XX
Good email XX (lol). I wish you good luck in getting a response. My understanding is that moving up a few tiers on the OTC market would cost under $ 100k per year (which also comes with full news dissemination in the US). Of course full Nasdaq listings have other requirements, including market cap, more onerous SEC and Audit requirements etc. and a bigger bean-counting staff (probably costs closer to $500k to $ 1m annually). However you could much more easily raise capital (at say $ 1 USD, for example - pre reverse split), with far less dilution. So what's an extra million $ in costs and personnel ? 20M shares in the US raises $ 27M CAD$ at $ 1 USD issuance price. It's a bit of a chicken/egg problem, but very doable, and in fact done all the time. MM