Share Quotation. The Company's Common Stock has been approved for quotation on the Nasdaq SmallCap Market pursuant to an exception as described in the SEC Reports.
Share Quotation. Depending upon the number of Shares purchased pursuant to the Offer, the Shares may no longer meet the requirements for continued designation for the Nasdaq National Market. To maintain such designation, a security must substantially meet one of two maintenance standards. The first maintenance standard requires that there be 750,000 publicly held shares, the publicly held shares have a market value of $5 million, the issuer have net tangible assets of at least $4 million, there be 400 shareholders of round lots, the minimum bid price per share be $1 and there be at least two registered and active market makers. The second maintenance standard requires that the issuer have either a market capitalization of $50 million or total assets and total revenue of $50 million each for the most recently completed fiscal year or two of the last three most recently completed fiscal years, there be 1,100,000 shares publicly held, the publicly held shares have a market value of $15 million, the minimum bid price per share be $5, there be 400 shareholders of round lots and there be at least four registered and active market makers. If these standards for continued designation for the Nasdaq National Market are not met, the Shares might nevertheless continue to be included in the Nasdaq SmallCap Market. Continued inclusion in the Nasdaq SmallCap Market, however, would require that there be 300 round-lot holders, there be at least 500,000 publicly held shares, the publicly held shares have a market value of at least $1 million, there be two registered and active market makers, of which one may be entering stabilizing bids, and the issuer have either net tangible assets of at least $2 million, market capitalization of at least $35 million or net income of $500,000 in the most recently completed fiscal year or in two of the last three most recently completed fiscal years. Shares held directly or indirectly by directors, officers or beneficial owners of more than 10% of the Shares are not considered as being publicly held for this purpose. EXCHANGE ACT REGISTRATION. The Shares are currently registered under the Exchange Act. Such registration may be terminated upon application of the Company to the Commission if the Shares are neither listed on a national securities exchange nor held by 300 or more holders of record. Termination of registration of the Shares under the Exchange Act would reduce the information required to be furnished by the Company to its stockholders and to th...
Share Quotation. The shares of Parent Common Stock are quoted on the OTCQB Market under the symbol “RSWN”. Parent is in compliance in all material respects with all of the respective rules and regulations of OTC Markets, Inc. applicable to it and to the Parent Common Stock.
