Timing of NYSE

Morning again - I had to TOU myself because I didn't realize Parsifal was going to post on the latest ann. thread - so, apologies for the repeat here.


So - here is what I posted.

morning all,

my take on this ann. is that there is reading between the lines to do here.

Nick is well aware that if a company applies for listing and is knocked back - then it is a bad look for the company to the market.

So - obscene rantings or not - I doubt if he would release this unless the SEC has said that all looks fine - go ahead and apply.

This would also tie in with when we applied -- ?? 12 Sept. from memory - which puts it roughly 6 weeks back --------- that would mean the process is right on schedule.

If I am correct there then from here on in the timing will be up to Nick mainly - taking guidance from NYSE and his other advisers and once he finishes negotiations on price and ratio.


From what I hear - the present timing for listing does NOT look good - so, he will wait until the market is ready (ie. advice from the NYSE).

We will just have to be patient there - because to go at the optimum time is best - to go at a good time is great - but, to go at a bad time --------------- well, we wouldn't like that one.

So - If I am reading it right - the coast is clear acceptance wise - it's just how to get the timing right - for our benefit.


For those who don't know - this is how the listing was explained to me roughly.

If you apply to the NYSE and you get knocked back -------- you can never apply again - and it looks bad for your company.

So - you apply in a draft confidentially.
They then put you though a heap of hoops - and see whether you can apply or not.

If you get knocked back in that process - no matter - you can apply again - and, of course, it's confidential - so, if you get a knock back - no one knows - so, no PR disaster.

If you get the ok to apply - then you apply - then everyone knows.

From there on the timing is up to you under advice - which, you would be mad not to take.

I am not sure how long after getting the ok that your application stays valid for - information I don't need at present - and, hopefully won't.

NC will be working his butt off atm with negotiations for this and DoD stuff - along with everything else.

It's a pity in a way that we don't need a gazillion dollars to raise - his job would be much easier - we need as little as possible to contain dilution - and, business wise - we really need none at all.

Funny game.

Pinto