Ummm very very interesting, let's say we meet the normal rules with shareholders & price blah blah. WRG have to meet at least one of 3 standard listing requirements.
Therefore:-
No1 - 3 years away.
No2 - 3 years away.
No3 - The shortest way is 12 months making us a $850M dollar company (US).
So, @ 279 344 700 shares outstanding means a $3.05 share price target at parity!
Or, might be easier for a backdoor listings on the NASDAQ - (if they are allowed?)
Nice way to turn $10K into $350K at current prices.
Worth a punt if you have the patience and the risk level to loose it all!!
Can anyone else can run the numbers on options 1 & 2?
Good luck all!
R.
----------------------------------------
Listing Standard No. 1
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no one year in the prior three years can have a net loss.
Listing Standard No. 2
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.
Listing Standard No. 3
Companies can be removed from the cash flow requirement of Standard No. 2 if the average market capitalization over the past 12 months is at least $850 million, and revenues over the prior fiscal year are at least $90 million.
Source: http://www.investopedia.com/ask/answers/121.asp#ixzz1mc5tDSQp
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Ummm very very interesting, let's say we meet the normal rules...
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