Food for thought!

Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Golnsil

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Food for thought!

posted on Sep 18, 2009 01:59PM

I know the company was talking about this last year before the massive corrrection in all markets.

Listing Requirements of the American Stock Exchange - AMEX

The American Stock Exchange is an attractive exchange for solid micro and small-cap companies. AMEX has three different listing and public shareholder standards with a number of differing combinations within. As a result, their listing requirements offers flexibility to companies operating in different market sectors.

AMEX Stock Exchange Listing Requirements
Requirements	Standard 1	Standard 2	Standard 3
Shareholders' equity	$4 million	$4 million	$4 million
Pre-tax income	$750,000 in last fiscal year or in two of its last three fiscal years	2 years	$50 million
Distribution	800 public shareholders and 500,000 shares publicly held OR 400 public shareholders and 1 million shares publicly held OR 400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 months	800 public shareholders and 500,000 shares publicly held OR 400 public shareholders and 1 million shares publicly held OR 400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 months	800 public shareholders and 500,000 shares publicly held OR 400 public shareholders and 1 million shares publicly held OR 400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 months
Price	$3	$3	N/A
Market value public float	$3 million	$15 million	$15 million

The AMEX listing board also conducts a subjective review of all listing candidates looking at the:

nature of a company's business;

market for its products;

reputation of its management;

historical record and pattern of growth;

financial integrity;

demonstrated earnings power; and

future outlook

Company's board of directors must agree to abide by the corporate governance requirements of AMEX.

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