Too many shares...
They need a reverse split of at least 3:1...that's just to get the company out of the frying pan with the NYSE MKT Exchange's minimal listing requirements.
Once the float is reduced, the pps will increase and the company can begin to add value.
Until then, the pps will remain in the $0.39 to $0.41 pps...
Not until after a reverse split.
There are simple too many shares in the float for this company with a 20% take on the oil revenues of the drilling.
Simple arithmetic will show potential investors, as well as present investors, that the share prices are in line at $0.37 to $0.41. The volume of oil increases cannot subdue the float. There are simply too many shares of this company for the pps to rise.
You should pose that question to Jiimy the Lawyer...LMAO !!
But, typically, there is a probationary period given to bring the pps up. During this period of time many different solutions can be used, but if it were me and I was the CEO I would call for a 3:1 reverse split immediately before a letter from the Exchange ever arrived, that would get the pps over $1 and get the company out of the pan, so to speak.
With the pps over $1, I would then institute a program to restructure the loans to be more dynamic. I would say to my lenders, look, I know the stock has been decreased and lenders have lost some shares because of it, but, the pps now reflects 3 times what it did before the split, the company never received a warning letter from the Exchange because we improved the price point, and our production numbers are increasing.
If you can be patient for a bit longer, the company will do a 2:1 forward split when we top $4 pps, which is doable by fall of 2015 with our current production.
There is a probationary period of time for the company contacted to lift the pps of the stock above the requirements. I would think this would be a enhancement to shareholders rather than the detraction you seem to think it is.
Provide proof to the board and Yahoo of your Brokerage account.
Provide the board with your proof that "Deep Sub" paid for your boat.
Provide proof that you owned Tesla stock and the profit for the sells are over $4,000 and you have set up a buy order for 12,600 shares of SSN.
How much do you think the pps will drop if the letter from the Exchange arrives? I think probably around $0.10 to $0.12 pps. If they lose their listing on the NYSE MKT in the coming months, it could be the end, but that is what the rules are for, to protect the market and shareholders.
Did you ask him what the "stay listed" requirements are for the NYSE MKT Exchange? There is a link to this information in the Shelf Requirements in the USA on their Web site under "Terry's Topics". I would be interested to see what they are since the company is fully aware as well.
Well Jiimy...that equals the grand sum of $4901.40. I got that by multiplying your buy in price times your amount of 12,600 shares.
Tesla is currently selling for $269.43 per share. Which seems to indicate that you must have bought your 22 shares at $ 220.00, which is good profit but not really worth bragging about.
Let me out, let me out will be the screams of Sandy, the Jiimies, and the MMan when the pps drops to the mid $0.20 after 1 billion cubic feet of nitrogen is found under the cap.
LMAO Sandy, the Jiimies, and the MMan..
GET YOUR BOX TOPS !!
Interesting that SSN has a link to those requirements in the first .pdf file in "Terry's Topics" under Shelf Requirements in the USA, but the link leads to a 404 page at the Wall Street Journal.
Seems to me, Samson should be fixing that link and directing investors and potential investors to the LISTING REQUIREMENTS OF THE NYSE MKT EXCHANGE.
18 to 20 prospects?
interesting and useless information which hinders stock movements...
"This operation has been halted because of the road restriction outlined above."
Ah yes, above what?
Why did you not include the "OUTLINED ABOVE" information in the Advisory?
Who cares anyway?
Why even mention such a simple inconvenience?
More important for the Advisory...
What is the STAY LISTED requirements of the NYSE MKT Exchange?
LMAO Sandy, the Jiimies, and the MMan...
GET YOUR BOX TOP !!
Web casts...Web casts, for all to see and hear...
No more secrets for only the Hedge Funds and M arket M akers.
No more 18 to 20 prospects that were never announced to the public.
No more secrets...
Do you have verifiable records for the buys for this company's stock in your portfolio at the prices you posted and the dates you purchased with the dates of your posts on the Yahoo Message Board?
Do you have the sales of this company's stock in your portfolio records at the prices you posted on the Yahoo Message Board?
"Fraud and financial crimes are a form of theft/larceny that occur when a person or entity takes money or property, or uses them in an illicit manner, with the intent to gain a benefit from it. These crimes typically involve some form of deceit, subterfuge or the abuse of a position of trust, which distinguishes them from common theft or robbery. - See more at Find Law"