I have been asking for clarification as to the "stay listed" requirements of the NYSE MKT Exchange.
I have found a link on Samson's Web site at "Terry's Topics" under the first .pdf file, Shelf Requirements in the USA, where there is mention of these listing requirements, but the link sends the reader to a defunct page at the Wall Street Journal.
Apparently, from this link, the company has an idea what those "stay listed" requirements are as there is language in the document of such knowledge, however, a present or potential shareholder/investor is left wondering why the link to this important information is not available.
So, again, I ask, what are the "Stay Listed" requirements of the NYSE Stock Exchange?
Clearly, by the statements you have made above, you are declaring yourself a guarantor of the pps to all investors from any downward pressure due to a letter from the NYSE MKT.
If this is so, and it appears to be so by your own words above, and then not telling the board what you know of those rules and whether they are, in your words "bULLSHEET", then you are also guaranteeing everyone's investments from losses from such a letter.
"What you ARE POSTING IS COMPLETE bULLSHEET."
It is legally important for you to provide legal reasons why you believe investors have no reason to be worried of a letter from the NYSE MKT about their listing requirement, since this is what you are arguing.
Obviously, you know what the "stay listed" requirements are, so why not enlighten the board?
"This a dream: Funds arriving soon: 7600$/0.252=30,158 shares!
Im a lucky guy!"
LMAO...Yeah, that's what a replica Lambo with a Pontiac Fiero engine goes for on Ebay...
Management needs to address the falling pps rather than manipulate compensation. This company is in danger of a letter from the NYSE MKT Exchange. Now I don't know if it will come in the next week or next month, but those stay listed requirements are in place to protect shareholders. If the NYSE MKT does nothing, they are liable for losses.
Well, gee, common sense seems to be working well...
I'll stick with that...
Then there is that pesky "stay listed" requirement of the NYSE MKT.
I wonder just how big the reverse split will be to get the pps above a $1.
If $0.19 comes and the pps keeps falling, like oil prices, and gas prices too, you're $0.25 buy in won't look so profitable.