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Listing Requirements on the Green Stock Exchange (GREENSX)


1. Social and Environmental Requirement

Issuer must submit reports in compliance with social and environmental guidelines of the Green Stock Exchange (GREENSX), as prepared by an independent, qualified third-party.


2. Regulatory Requirements

Issuer must file a Offering Circular (also called prospectus), exemptions and necessary documents with securities commission and other provincial/state jurisdictions where securities will be sold, under SEC exempted Regulation A, SB-1 and SB-2 shares of the United States Securities Act of 1933. Your Offering Circular is an extremely detailed and critical document in the going public process, providing investors with the information needed to make informed investment decisions.


3. Listing Application and Business Plan

Issuer must submit a Green Stock Exchange (GREENSX) Listing Application and supporting documents such as the Personal Information Form. You must also submit a business plan, which is essential in determining the overall soundness of your business, outlining what your business intends to accomplish and how you will allocate resources to meet those goals.


4. Earnings or Revenue:

Management plan demonstrating reasonable expectations of earnings within 24 months;


5. Net Tangible Assets:

Minimum $100,000 of net tangible assets after completion of offering.


6. Adequate Working Capital and Capital Structure

Working capital for 18 months under business plan (incl. G&A) and $100,000 unallocated funds, after completion of offering.

7. Cash in Treasury

Minimum $100,000 in the treasury, with majority raised by offering


8. Products and Services

Evidence that products or services at an advanced stage of development or commercialization and that management has the expertise and resources to develop the business.


9. Management and Board of Directors

Management, including the board of directors, should have adequate experience and technical expertise relevant to the company’s business and industry as well as adequate public company experience. Companies are required to have at least two independent directors.


10. Public Distribution and Market Capitalization

  • 100,000 free trading public shares

  • $100,000 held by public shareholders

  • 100 public shareholders with a board lot and no resale restrictions

  • 10% public float

  • 10% of issued and outstanding shares in the hands of public shareholders

  • The Issuer must not sell securities pursuant to the Direct Public Offering or an Initial Public Offering for less than $0.15 per share or unit.


11. Sponsorship and Nominated Advisor

Not required, but a Nominated Advisor may be required depending on the experience of the applicant.


12. On-going Listing Requirements

Issuers must continue to meet minimum standards to remain listed on Green Stock Exchange (GREENSX). These requirements relate to the issuer's financial situation, activity and shareholder distribution.

Once your company is listed on Green Stock Exchange (GREENSX), it becomes a reporting issuer with periodic reporting and disclosure obligations. Reporting issuers must provide shareholders with meaningful information regarding the business, management, operations and financial position of the company.

Furthermore, you must file information about transactions on an ongoing basis, such as private placements, the issuance of stock options and acquisitions.

For more information, please see Green Stock Exchange (GREENSX) Policy, including Filing Requirements and Continuous Disclosure.

See the Green Stock Exchange (GREENSX) Corporate Finance Manual for complete information on these requirements.


 

Notice: The Green Stock Exchange (GREENSX) is designed as a collaborative system for bringing together investors, issuers, companies, non-profit organizations and people interested in small eco-friendly, socially responsible and sustainable businesses, including those in the creative industry (music, art, movies, performances). The Green Stock Exchange is a “Web 3.0 eBAY.COM AUCTION STYLED” venue to allow for trading of shares directly between investors of SEC exempted Regulation A, SB-1, SB-2, small company offering registration (SCOR) shares and carbon trading under the United States Securities Act of 1933.

The Green Stock Exchange does not act as a stock broker-dealer, nor is a licensed broker-dealer. We also do not give advice on the merits of a trade or promote the shares traded or negotiate prices for the shares traded. Furthermore, investors are warned of the risk of liquidity since the shares on the Green Stock Exchange are not traded on any well known registered securities exchange or through NASDAQ; there is no guarantee that investors will be able to sell the issuer ’s shares at the price paid or at any particular indication of interest.

This is not an offer of shares or a solicitation of an offer to buy the shares in any jurisdiction where it has not been qualified or lawful. No sale of shares may be made in any state unless pursuant to qualifications or an exemption from qualification, which also includes, Rule 254 of Regulation A, which allows an issuer to “test the waters” for a prospectus offering through a pre-offering solicitation of interest. Links to other sites are provided for information purposes only -- they do not constitute endorsements of those other sites.