AB1 abarta resources limited

AB1 was de-listed in March this year Mr Happy. And the main...

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    • AB1 was de-listed in March this year Mr Happy. And the main breach was the SAFE.
    • There are many stock exchanges in the world and we can't knock every door to try as we need to pay $$$ when we submit our applications.
    • I just use SGX as an example to show you the main requirements to list a business and you can tell how many ticks we may have

      Mainboard admission criteria

      Companies intending to join SGX’s Mainboard must meet one of the following quantitative requirements:

      • Minimum consolidated pre-tax profit of at least S$30 million for the latest financial year with operating track record of at least 3 years;
      • Profitable in the latest financial year, and has a market capitalisation of not less than S$150 million based on the issue price and post-invitation issued share capital with operating track record of at least 3 years; or
      • Operating revenue in the latest completed financial year and a market capitalisation of not less than S$300 million based on the issue price and post-invitation issued share capital. Real Estate Investment Trusts and Business Trusts who have met the S$300 million market capitalisation test but do not have historical financial information may apply under this rule if they are able to demonstrate that they will generate operating revenue immediately upon listing.
    • Normally it takes 6-9 months to list on Euronext, HKEX, SGX, TSE and the IPO documents preparations will take the most time. As previously listed, we are only missing the latest reports.
    • Timing: Xmas and Chinese New year are approaching and active users will increase during the holiday seasons. With AB's main IP games released, we will have a good story to tell for the roadshow.
    • so get the audited report done asap and find a crypto friendly exchange and we should be OK.
    I do share the disappointments and anxieties you have since AB is lack of transparency regarding this IPO. But the CEO said "when we have concrete plans that we can share publicly". Let's wait and see.
 
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