Requirements for a TSE ListingThe hottest Rumor out there regarding RDM Corp is of course the TSE Listing thing. Here are the facts of life on that.
To reach a TSE Listing these new restrictions were put in place for Techstocks:
$50 million minimum market value of listed shares
$10 million minimum market value of public float
$10 million minimum in the treasury
evidence that a company's products or services are at an advanced stage of development or commercialization
sufficient funds to cover planned development, capital and operating expenses for one year
This is from the TSE Site:
https://tse.com/cgi-bin/uni_framset.cgi?content%3Dnews/news_rel/news_407.html
Seems to me that they meet the requirements except for the first:
Current number of shares issued according to CDNX 14.1 Million shares
Add to that the 4 Million shares from the latest financing and we get a cCurrent market cap of 18.1 * 2.50 = 45.25
What they need is a minimum share price of about 2.80.
What I don't know is for how long they need to hold that price
:) Marcel