Market for Common Stock. On the Closing Date, there shall be at least one bid for the Common Stock on the Principal Market.
Market for Common Stock. The Company shall use its commercially reasonable efforts to satisfy the requirements within the control of the Company for its Common Stock to be quoted on the OTCBB or, at the option of the Company, listed on a recognized stock exchange.
Market for Common Stock. DRI's common stock is quoted on the OTC Bulletin Board. Only one letter "E" has been appended to DRI's common stock during the past twenty-four months and DRI has not received any notice of the possible or pending delisting of DRI's common stock.
Market for Common Stock. CKC’s common stock is quoted on the OTC Bulletin Board. No letter “E” has been appended to CKC’s common stock during the past twenty-four months and CKC has not received any notice of the possible or pending delisting of CKC’s common stock.
Market for Common Stock. The Common Stock of Issuer is traded on the NASDAQ small cap market. Due to continued losses over the years, trading volume has decreased and there has been a reduction in the volume of shares traded and in price. Should Purchaser choose to sell a large block of Shares, the market may be unable to absorb the same, with a potential resultant decline in price. In addition, continued listing on NASDAQ is contingent upon maintenance of a per share price of at least $1.00, and a net worth of at least $1,000,000. Should Issuer continue to generate losses, there is a risk that its Common Stock could be delisted, which would reduce liquidity for the Common Stock.
Market for Common Stock. The stock of Buyer is quoted on the OTC Markets under the symbol “MRDN.” Buyer has not, in the twelve (12) months preceding the date hereof, received notice from any trading market on which shares of the common stock of Buyer (the “Common Stock”) are or have been listed or quoted to the effect that Buyer is not in compliance with the listing or maintenance requirements of such trading market. Buyer is in compliance in all material respects with all such listing and maintenance requirements and the consummation of the transactions contemplated by this Agreement do not violate any rules or regulations of a trading market on which shares of the Common Stock of Buyer are or have been listed.
Market for Common Stock. The Company's Common Stock shall be trading as of the Closing Date on the Nasdaq SmallCap Market;
Market for Common Stock. The Common Stock is quoted on the over-the-counter market as quoted by the NASD's OTC Bulletin Board, and there are no proceedings to revoke or suspend such listing. The transfer of the Common Stock as contemplated hereby will not result in a violation of the NASD rules and regulations.
Market for Common Stock. MySkin’s common stock is quoted on the OTC Bulletin Board under the symbol MYSK and it is DWAC eligible. MySkin has not received any notice of the possible or pending delisting of MySkin’s common stock.
Market for Common Stock. The Company's Common Stock is not eligible for trading on any national or regional exchange. The Company's common Stock is eligible for trading in the NASD OTC Bulletin Board. There has been a limited public market for the Company's Common Stock, and there can be no assurance that an active public market will develop or be sustained after the Reorganization or that investors will be able to sell the Common Stock should they desire to do so. The exchange ratio was determined by negotiations between the Company and management of CTV and may bear no relationship to the price at which the Common Stock will trade after the closing of the Reorganization pursuant to the Reorganization Agreement. DIVIDEND POLICY See Form 10-KSB. BUSINESS OF THE COMPANY See Form 10-KSB. See CTV's Summary of Business Plan. REORGANIZATION OF THE COMPANY On April 20, 1999, New World and CTV (collectively the "Company"), entered into a Letter of Intent providing for the reorganization of CTV with and into New World, with CTV becoming a wholly-owned subsidiary of New World. In connection with the Reorganization, all of the outstanding common stock of CTV was exchanged for shares of common voting stock of New World, for the purpose of effecting a tax-free reorganization pursuant to sections 351, 354 and 368(a)(1)(B) of the Internal Revenue Code of 1986, as amended ("IRC"). In exchange for all of CTV Common Shares issued and outstanding, New World shall issue under the Agreement and Plan of Reorganization an aggregate of 19,020,167 shares to the CTV shareholders on a pro rata basis. As a condition of the closing of the share exchange transaction, certain shareholders of New World agreed to cancel 7,425,000 shares of common stock. MANAGEMENT OF THE COMPANY See Form 10-KSB. Upon the closing of the Reorganization, the present members of New World's Board of Directors shall tender their resignations SERIATIM so that the following persons are appointed directors of New World in accordance with procedures set forth in the New World bylaws: Xxxxx Xxxxx, Xxxxxxx Xxxxxx and Xxxx Xxxxxx. Each director shall hold office until his successor shall have been duly elected and shall have qualified or until his or her earlier death, resignation or removal. Also, upon the closing of the Reorganization, the present officers of New World shall tender their resignations and provide New World with applicable releases concerning their respective employment agreements, if any. Simultaneous therewith, the followi...
