1. The company would not be allowed to release a statement such as this to the market if it was not already in the process.
2. For those that are under the impression that this is an 'outrageous statement', it is not difficult to register an intention to lodge on the LSO.
Some of the main requirements that a company must comply with are:
- Incorporation - your business must be incorporated or established within any specific laws for the area of work it undertakes.
- Accounts - you must have audited accounts, published or filed, for a three-year period. The end of this period must be no more than six months before the planned flotation.
- Track record - you must be able to show trading records for a specific amount of time and be able to show that you have working capital for this period.
- Market capitalisation - you must meet the minimum market capitalisation of £700,000 for equity and £200,000 for debt.
- Shares in public hands - 25 per cent of your shares must be held by the public.
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Last
1.1¢ |
Change
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Mkt cap ! $15.47M |
Open | High | Low | Value | Volume |
1.0¢ | 1.1¢ | 1.0¢ | $5.679K | 567.8K |
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No. | Vol. | Price($) |
---|---|---|
1 | 431590 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 1622714 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 431590 | 0.010 |
22 | 7199701 | 0.009 |
9 | 1760031 | 0.008 |
4 | 1800000 | 0.007 |
1 | 250000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 1622714 | 4 |
0.012 | 3125715 | 9 |
0.013 | 1809615 | 6 |
0.014 | 1461691 | 5 |
0.015 | 304560 | 2 |
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