Posted On: 03/13/2016 12:12:11 PM
Post# of 30038
Re: jamiejaytrader #22810
There are many requirements to uplist. By far the most daunting is the $4 minimum share price.
But they also have to have enough stockholders' equity. That is no longer an issue if the shares of AVDX are trading high enough. It gives them a huge balance sheet asset that puts them way over the necessary stockholders' equity minimum.
I wonder if NASDAQ will give them full credit for the value of such an illiquid stock.
But they also have to have enough stockholders' equity. That is no longer an issue if the shares of AVDX are trading high enough. It gives them a huge balance sheet asset that puts them way over the necessary stockholders' equity minimum.
I wonder if NASDAQ will give them full credit for the value of such an illiquid stock.
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