psycho-pharma schreef:
[quote=Alex-3xfc3]
Wie kan mij in het kort uitleggen wat nu precies het slechte nieuws is ??
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Als OTD niet solvabel genoeg is, dwz een positief vermogen, goede liquiditeit etc., dan wordt het een over the counter aandeel: OTD.OB. Nog erger, wellicht een OTD.PK. Dat vinden beleggingsfondsen niet leuk.
Bottumline: ze moeten lenen of waarschijnlijk aandelen uitgeven, dus verwatering dus zakkende prijzen.
we are very concerned about this:
In accordance with the procedures of the Exchange, we filed a plan (“Plan”) with it to demonstrate the steps we shall take to return to full compliance. On February 15, 2005, the AMEX notified us that it had accepted our Plan, and that we would be given until June 2006 in which to regain compliance with the Exchange’s listing standards. During this period, we will be subject to periodic reviews by the AMEX to confirm that we are meeting the goals set forth in our Plan. As of June 2006, our shareholders’ equity must be $6.0 million or more in order for us to be in compliance with the Exchange’s listing rules. To achieve that amount, we anticipated having to raise a total of approximately $10.0 million in new equity during 2005. In December, 2005, the Company determined that it could not meet certain conditions of this plan and met with representatives of the AMEX to discuss the need to develop an amended plan to demonstrate how the Company will be in compliance by June, 2006. To achieve this, the Company anticipates having to raise a total of approximately $10.5 million in new equity in 2006.
The Company believes it needs to raise an additional $7 million in new capital prior to June 2006 to allow it to return to full compliance with the listing standards of the AMEX. In addition, the Company believes it must raise an additional $3.5 million in equity in the second half of 2006 to allow it to execute its business plan for the year and to remain in compliance with the AMEX standards. If the Company were to fail to return to full compliance with the Exchange’s listing standards, the AMEX would likely initiate procedures to de-list its common stock. If the Company’s common stock was to be de-listed by the AMEX, its shares would continue to be traded as a bulletin board stock.
It seems the company needs a capital increace and this means lower prices
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Psycho