posted
I'll clarify for you, Warped....This is fluff compared to what's coming. Hang on to your hats.
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money. Posts: 1032 | From: DFW | Registered: Oct 2005
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It's still good news, I guess... but pales in comparison with what is coming.
My sources say MOTG is in for something good. By the way, elmo, do you have any MOTG sources? After all, I'm sure you're a heavy duty holder, right? Just curious.
Boy, I guess I should go buy a share or two of this stock huh?
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
posted
It's not big news, but I like how we are informed on every new development, thats very admirable in a company
Posts: 3086 | From: miami | Registered: Nov 2005
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posted
shares haha not tvs. I LOVE MOTG . The owners brother said tommorow its going to open at 0.05
Posts: 229 | From: canada | Registered: Oct 2005
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posted
The owner's brother? You mean AW's brother? How could anyone know what it will open at? This market does some strange things, tickle me elmo. Here's to hoping though.
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money. Posts: 1032 | From: DFW | Registered: Oct 2005
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quote:Originally posted by redelmo19: I LOVE MOTG . The owners brother said tommorow its going to open at 0.05
Are you saying here that you know the owner's brother? How do you know him? You're implying that you are on speaking terms with him (if he even has a brother). Please elaborate on your statement. It carries no weight unless you can back it up with something of substance.
Thanks.
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
posted
Well. The owners brother is friends with my dad. They talk frequently. From what I last heard , they are heading in a good direction. They will be going into PK soon. So the price is going to soar up.
Posts: 229 | From: canada | Registered: Oct 2005
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posted
Pink sheets I bought the stock at 0.019 and ive been holding , i cant wait till it hits 0.05 tomrow.
Posts: 229 | From: canada | Registered: Oct 2005
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posted
Thats what I heard. I am not positive about my source , but I know they are heading in the right direction from what I heard.
Posts: 229 | From: canada | Registered: Oct 2005
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posted
Pink Sheets is the wrong direction. Everything that I have read claims that they are wanted to land on Nasdaq. Possibly you just got a bit confused?
Posts: 93 | From: Lost upon the rapture of Insanity | Registered: Dec 2005
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posted
The only one saying pink sheet is elmo and I think it was a misunderstanding.
-------------------- If you think things can't get worse it's probably only because you lack sufficient imagination. -------------------- Posts: 93 | From: Lost upon the rapture of Insanity | Registered: Dec 2005
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posted
I am out of MOTG. Sold for the profit -- only $125. But Profit is Profit. I bought huge amount of EOGI. I have been buying EOGI for several days. Also, I wanted money for HOGC.
I plan to enter MOTG later. My slling does not mean that MOTG is a bad company. I like MOTG very much but this was not making a serious move upwards.
Best of Luck and I will be back.
-------------------- Almost There.... Posts: 350 | From: Illinois | Registered: Nov 2005
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when was motg at .019? As far as I can tell it has never been lower than .021 Looking at the long term chart never shows it lower. Are you thinking of the same company?
-------------------- If you think things can't get worse it's probably only because you lack sufficient imagination. -------------------- Posts: 93 | From: Lost upon the rapture of Insanity | Registered: Dec 2005
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posted
yeah....elmo's comments about going to pink sheets make ABSOLUTELY no sense...He said he "knows" the brother of the owner. He said that the company is "heading in a good direction." He said "the price is going to soar up." and then he says that we are headed to Pink sheets. THIS IS WRONG!!! Elmo, Pink Sheets are a step down from the OTCBB, not a step up! We ARE NOT GOING PINK...please...don't make people think this....
Posts: 37 | Registered: Nov 2005
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posted
I'm not one who likes to jump on people when they post, but elmo, I haven't seen a single post of yours that makes sense so far...get your facts straight before you post please Posts: 37 | Registered: Nov 2005
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posted
Sorry. My bad. I am making sense. Its just that i cannot comprehend pretty well.
Posts: 229 | From: canada | Registered: Oct 2005
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posted
But there are other ways to get into Nasdaq right? Like merging with a company that is already listed.. ie. Harvey electronics....
-------------------- If you think things can't get worse it's probably only because you lack sufficient imagination. -------------------- Posts: 93 | From: Lost upon the rapture of Insanity | Registered: Dec 2005
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posted
Okay here it is straight from NASDAQ. For Initial Listing there are 3 doors or catagories:Standard 1 Standard 2 Standard 3 under rules: Rule 4420(a) Rule 4420(b) Rule 4420(c), respectivele
Rule 4420(a) requirements:Stockholders’ equity $15 million, Income from continuing operations before income taxes (in latest fiscal yearor 2 of last 3 fiscal years) $1 million, Publicly held shares 1.1 million, Market value of publicly held shares $8 million, Minimum bid price $5, Shareholders 400, Market makers 3 and Corporate governance under Marketplace Rules 4350, 4351 and 4360.
Rule 4420(b) requirements:Stockholders’ equity $30 million, Publicly held shares 1.1 million, Market value of publicly held shares $18 million, Minimum bid price $5, Shareholders 400, Market makers 3 and Corporate governance under Marketplace Rules 4350, 4351 and 4360 PLUS Operating history of 2 Years.
Rule 4420(c) requirements: Market value of $75 million listed securities or or or Total assets of $75 million and Total revenue of $75 million, Publicly held shares 1.1 million, Market value of publicly held shares $20 million, Minimum bid price $5 Seasoned companies (those companies already listed or quoted on another marketplace) qualifying only under the market value of listed securities requirement of Standard 3 must meet the market value of listed securities and the bid price requirements for 90 consecutive trading days prior to applying for listing., Shareholders 400, Market makers 4 and Corporate governance under Marketplace Rules 4350, 4351 and 4360.
There is a $5,000, which represents a on-refundable application fee.
PLUS Fees of:
Up to 30 million shares $100,000 30+ to 50 million shares $125,000 Over 50 million shares $150,000
PLUS
Annual Fee Schedule Total Shares Outstanding Annual Fees* Annual Fees for ADRs Up to 10 million $24,500 $21,225 10+ to 25 million $30,500 $26,500 25+ to 50 million $34,500 $29,820 50+ to 75 million $44,500 $30,000 75+ to 100 million $61,750 $30,000 Over 100 million $75,000 $30,000
and then:
FEES FOR LISTING A NEW CLASS OF SECURITIES $150,000.
and there is language of: Operating history or Market value of listed securities being:
1 year or N/A Rule 4310(c)(3) OR $50 million
Posts: 229 | Registered: Nov 2005
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posted
Yes but there are rules there also and Harvey has already failed the key test of maintaining a mininum bid price of $1.
LYNDHURST, N.J., Dec. 23, 2005 (PRIMEZONE) -- Harvey Electronics, Inc. (``Harvey Electronics'', ``Harvey'' or the ``Company'')(NasdaqSC:HRVE - News) announced today that it received a deficiency letter (the ``Letter'') on December 20, 2005 from The Nasdaq Stock Market indicating that the Company is not in compliance with the continued listing requirements on The Nasdaq Capital Market because for the previous 30 consecutive business days, the bid price had closed below the $1.00 minimum per share requirement for continued listing as set forth in Marketplace Rule 4310(c)(4) (the ``Minimum Bid Price Rule''). The issuance by Nasdaq of such letters is standard procedure when a listed company does not meet the Minimum Bid Price Rule. By Nasdaq rule, Harvey will be provided 180 calendar days, or until June 19, 2006, to regain compliance with the Minimum Bid Price Rule. This Letter has no effect on the listing of the Company's common stock at this time.
ADVERTISEMENT The Letter also stated that, in accordance with Marketplace Rule 4310(c)(8)(E), if at any time before June 19, 2006, the bid price of the Company's common stock closes at or above $1.00 per share for a minimum of ten consecutive business days, the Company will be provided written notice that it complies under the Minimum Bid Price Rule. If compliance with the Minimum Bid Price Rule cannot be demonstrated by June 19, 2006, the Staff will determine whether Harvey meets The Nasdaq Capital Market initial listing criteria set forth in Marketplace Rule 4310(c), except for the bid price requirement. If the Company meets the initial listing criteria, the Company will be given notice that it has been granted an additional 180 calendar-day period to comply with the Minimum Bid Price Rule. If it is determined that the Company is not eligible for this additional compliance period, the Company will be provided written notice that its securities will be delisted. At that time, the Company may appeal the Staff's determination to de-list its securities to a Listing Qualifications Panel.
quote:Originally posted by Fireplay5: But there are other ways to get into Nasdaq right? Like merging with a company that is already listed.. ie. Harvey electronics....
posted
So, IMO, a reverse split either way, of MOTG or HRVE would PROBABLY (unless either spikes up and stays there). At current pps MOTG would need a reverse of AT LEAST PROBABLY 1 for 200 shares and HRVE 1 for 10
None of the requirements in this or my above posts are impossible but will take some time.
Posts: 229 | Registered: Nov 2005
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posted
Ok so I thought I would real this board in...The pr was good anytime there is another avenue of money making it is always good to know. Now as for the nasdaq we won't have a problem...no splits I think we will be fine. Once again Hnet and IMG are going to be huge soundcity is generating rev's nicely Img is now helping them its called synergy....rome wasn't built in a day.
Posts: 357 | Registered: Oct 2005
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posted
They always keep us updated with good news. As opposed to qbid , that just release bluff news.
Posts: 229 | From: canada | Registered: Oct 2005
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People, let's get this straight: Pink Sheets - OTCBB - Nasdaq In that order.
You don't get to the Nasdaq by going from OTC to Pink to Nasdaq. If you're "doing well" you don't get delisted from the OTC on your way up. I hope that clears things up.
To get a Nasdaq listing, you must either 1) Drive your pps up to $5/share and apply, 2) buy a company already listed on the Nasdaq. #2 takes less time. That is what Welch is doing.
And for the record, MOTG has never hit .019. It was however at .19 last June.
GL to you all tomorrow, I would love to see .05 as much as the rest of you!
Posts: 953 | From: Southwest USA | Registered: Nov 2005
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I bought the stock at 0.019 and ive been holding , i cant wait till it hits 0.05 tomrow.
