HYPD was out with news this past Friday. The company has been granted a listing on the American Stock Exchange.
This is great news for investors, but this news doesn’t make it a better company today. However, it does make it a better stock, which can be two different issues.
For example, many of you are familiar with AMW, which traded to $1.80 just after announcing their deal with WalMart last spring. At the time, it was a much better stock than company, and despite obtaining an AMEX listing the company and the stock are in big trouble right now.
BPTR on the other hand is a much better company than stock at this point in time. An AMEX listing would probably help them become a much better stock.
There are some powerful implications in HYPD’s jump to the AMEX. The stock qualifies by Market Capitalization. However, the limited cash on their balance sheet in light of the ambitious plans for West Africa would make it difficult to obtain an AMEX listing.
I believe they must have convinced the AMEX that they are generating signficant revenues from their Louisianna properties. We will see hard numbers from the June quarter.
As you can see from the chart, the market liked the news, and the stock made a nice spike on Friday.
If the company is successful with it’s operations, the AMEX should help enhance shareholder value and improve the scope of the audience. I suspect the company is doing much better with its Lousianna properties than anyone realizes.
I’ll publish a special edition with thoughts and information on the date the stock will begin trading on the AMEX along with the new symbol.
This is a big deal for shareholders. Your comments and questions are welcome.