It's the timeline from when you submit the paperwork to when you are approved. Likely the company has already submitted the paperwork and could possibly already got approved or else they wouldn't have mentioned only the Nasdaq.

The company mentioned both Nasdaq/NYSE back in Q1 and then again in August, but not both after that as I recall.
http://www.thechairmansblog.com/amarantus-bio...-strategy/


"Major stock exchanges, like the Nasdaq, are exclusive clubs - their reputations rest on the companies they trade. As such, the Nasdaq won't allow just any company to be traded on its exchange. Only companies with a solid history and top-notch management behind them are considered. "

http://www.investopedia.com/ask/answers/121.asp