George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
June I think
The Nasdaq listing rules allow companies to qualify under one of four sets of standards, based on the criteria listed above.
Standard 1: Earnings
A company’s earnings are a reflection of its profitability. To qualify for listing on the Nasdaq based on earnings alone, a company must be able to show:
• Aggregate pre-tax earnings of $11 million or more for the three prior fiscal years
• Earnings of $2.2 million or more for the two most recent fiscal years
• Zero net losses for each of the three prior fiscal years
For a company to be included under this standard, they have to be able to check off all three of these boxes. If they can meet two criteria but not a third, they won’t be able to qualify for listing.
Standard 2: Capitalization with Cash Flow
Capitalization is a measure of a company’s size in relation to the rest of the market. Cash flow tracks the movement of cash in and out of a company. To qualify for Nasdaq listing under the capitalization with cash flow standard, the following rules apply:
• Aggregate cash flow of $27.5 million or more in the prior three fiscal years
• Zero negative cash flow for the prior three fiscal years
• Average market capitalization of $550 million or more over the prior 12 months
• Revenue of $110 million or more for the previous fiscal year
Again, all four of those conditions have to be met to qualify for Nasdaq listing using this standard.
Standard 3: Capitalization with Revenue
The third Nasdaq listing standard focuses on company size and revenue, which is a measure of income. The minimum requirements for both are as follows:
• Average market capitalization of $850 million or more over the prior 12 months
• Revenue of $90 million or more for the previous fiscal year
Larger companies may opt to take this route if they can’t meet the cash flow requirements under Standard 2.
Standard 4: Assets with Equity
In lieu of earnings or market capitalization, companies can use their assets and the value of shareholders’ equity to qualify for listing on the Nasdaq. There are three specific thresholds companies have to meet:
• Market capitalization of $160 million
• Total assets of $80 million
• Stockholders’ equity of $55 million
Regardless of which standard a company uses to qualify for listing, they have to maintain them continually. Otherwise, the company could be delisted from the Nasdaq exchange
Bridge.
Can you explain then how you think syme will somehow overcome the requirements for listing on NASDAQ when they switch over?
Well I don't see how it would help us get listed on NASDAQ, since it's listed on NYSE American
Cheers peak.
Fingers crossed the man from delmonte says YES
It might , if there wasn't there wasn't a 33% spread.
Then again, I doubt anyone would be upset about a real rise
Or just tell us .. that would be the better option
Which ones knobby?
What a strange thing to say.
It's the equivalent of been at school and saying "I know something you don't know"
It's been dragged up by tiny buys over the ask so they can keep the sell price up
They could try, but there wouldn't be a grain of truth in it.
Since I've never had another profile, nor have I tried to hype a single share ive invested in.
I was talking about hench anyway.
You've been spouting the same dribble for years under one name or another.
You're nawt but a weasel con man.
If I'd been wrong as many times as you I'd of quot posting but you are shameless
Dracula, if you reply was to me..
Then, no I'm not invested anymore, I was a few years back when I bought in after it rose from 1.5p to 3p and caught my attention, I bought up to 7p and missed the 66p high, convinced it was a tree shake, started selling around 56p all the way down .
Did very well out of it. Kept some for another year and sold the majority of my portfolio to fund buying a house.
I'm not going to argue with you.
I'm simply saying the FCA have no power here and most shares.
You can go on their website if you like , it's very easy to contact them, as I've done it. That's how I know the FCA have no power .
It's AIM though, the purpose is to fund companies by listing and dilution is inevitable.
Not justifying it, but anyone can pick 50 aim shares and find none in overall profit 5 years later.
I've rooted for long term holder here ever since I sold.
Hope they do something to return some value, but after all this time I struggle to see how their ever going to do anything with 201
Are ValiRx authorised by the FCA?
Because if not there's not a thing they can do about it.
It may as well be wolf of Wall Street tbh.
If it was on AIm he wouldn't of gotten away with some of the things he has
No it doesn't..
Not following your logic with the spread?
There's nobody buying , that's why the spread is big.
Last few months there's been many tiny trades to create the illusion of liquidity so they can offload more bigger sells.
It's really not the circle of life on any share.
Only dodgy people's opinions change based on their position. We've seen many here.. hello shìtty, share beĺlend.. perfect examples.
Plenty of people have integrity and will tell it how they see it in or out.
Anyone putting strong buy in their posts at this point in time, given the history , is a self serving con man.
I've raised a complaint with the FCA because I didn't believe the response of others.
Unfortunately they were not lying when they said
" SYME is not registered with the FCA and therefore not their jurisdiction "
Or words to that effect.
I also reported it as market manipution, and told them spoof trading and other illegal share manipution techniques are been used and I believe syme are trading their own shares.
They pretty much don't care unless they are registered with the FCA.
They give you a link to action fraud .
Maybe I should of mentioned that omni who have a stake here , are actually an FCA registered company..
Anyway, don't take my word for it, it's easy to fill in the forms online on the FCA website.
As for an EGM, might be wrong, but doesn't that involve 7% of shareholders taking action.
The only big shareholders are AZs mates and PIs are scared of losing what they have left of their investment.
Plus there's a bit of Stockholm syndrome going on..