(2) Equity Standard
(A) Stockholders' equity of at least $30 million;
(B) Two-year operating history;
(C) Market Value of Publicly Held Shares of at least $18 million; and
(D) At least three registered and active Market Makers.
There is no waiting period for applying under this standard.
The company current has something like $20 million in the bank. They need $30 million. So when these deals that Peter is talking about are inked it is likely that they will be worth more than $10 million. Peter has already talked about having to do a small financing to keep the bankers happy. Let’s say he offers them 5 million shares at $5 dollars. That is $25 million right there. There is a reason why Peter is saying the NASDAQ in June. It is doable in several ways without using any RS.
