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https://imgur.com/a/VmIFehd
what was the $17.5m (albeit in stages ) to gpn for?
..event happening tomorrow and Elon Musk to speak. BTC probably go up or down based on what he says...https://www.cointribune.com/en/analysis/people/jack-dorsey-and-elon-musk-to-meet-on-21st-july-at-the-b-word/
I see the the deramping crew are nowhere to be seen today. They'll talk it down and short it relentlessly and then buy back in low and ride it back up. The company they work for make money going down and then make money going back up and a pay them a penny a post the sad f#*ks
This guy reckons hashrate will take 12 months to recover. Good news for established miners.
https://www.tomshardware.com/uk/news/bitcoin-hash-rate-recover-2022-ceo-says
Bit soon for a big fat deal but I would love it, love it, Kevin Keegan style if we announced a Peregrine farm out with CoP and first dibs on our other projects like what Armstrong did with Oil Search.
So Argo ARE having conversations with Chinese Miners.
I wonder if that is buying machines or leasing out space
https://www.coindesk.com/tv/all-about-bitcoin/all-about-bitcoin-july-7-2021
9 mins in
Ddraig @ 10.05
'And as a curve ball it'll be interesting to see if, given the shallow depths and what we have derisked at Peregrine, if we'll try to fund it alone and be in a far better position to negotiate an asset sale on a 100% WI. I think that'll be a tough decision based on what the data says and also to a degree if they are forced to drill something in Umiat this season.'
Based on what they've said about the APDC deal, I think they are committed to trying to get a major FO partner. But If they did decide to go it alone, I think a large placing would get gobbled up by OTC crowd easily enough in anticipation of keeping 100%. The days of placings taking 4-5 mths to clear and the drag on SP for that 4-5 mths are long gone imo. Being on OTC makes 88e a very different beast to previous years.
I think they would get away with the $2 closing price rather than the $4 bid price for Nasdaq Capital Market. I think SP is the only criteria they're not currently meeting.
https://listingcenter.nasdaq.com/assets/initialguide.pdf
Listing Requirements for All Companies
Each company must have a minimum of 1,250,000 publicly traded shares outstanding upon listing, excluding those held by officers, directors, or any beneficial owners of more than 10% of the company.
The regular bid price of shares of the company's stock at the time of listing must be at least $4.00. However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.
There must be at least three (or four depending on the criteria) market makers for the stock. For companies using the $3 or $2 criteria, only two market makers may be required. Each listing firm is also required to follow NASDAQ corporate governance rules 4350, 4351, and 4360.
Companies must also have at least 450 round lot (i.e., 100 shares or more) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
As of 2020, a company must pay a $25,000 application fee before its stock can even be considered for listing, and it can expect to pay between $150,000 and $295,000 in entry fees if successful.
In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.2?
Standard No. 1: Earnings
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the previous two years at least $2.2 million, and no single year in the prior three years can have a net loss.
Standard No. 2: Capitalization With Cash Flow
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. Also, 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.
Standard No. 3: Capitalization With Revenue
Companies can be removed from the cash flow requirement of the second standard if its 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.
Standard No. 4: Assets With Equity
Companies can eliminate the cash flow and revenue requirements, and decrease its marketing capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 million.
To stay listed on the Nasdaq, a company must continue to meet the minimum listing requirements or risk being delisted and removed from the Nasdaq exchange.
The Bottom Line
A company has four ways to get listed on the NASDAQ, depending on the underlying fundamentals of the company. If a company does not meet certain criteria, such as the operating income minimum, it has to make it up with larger minimum amounts in another area, like revenue. This helps to improve the quality of companies listed on the exchange.