Posted On: 12/02/2016 11:42:29 PM
Post# of 22463
I don't claim to be any authority on the subject, but in reading thru the newer NASDAQ requirements, it appears to allow a $2.pps entry level under the 'alternative minimum closing price' provisions, as seen here:
"$2/share price — for at least five consecutive business days prior to approval, the security has a minimum closing price of at least $2 per share and the issuer has ( A ) market value of listed securities of at least $50M; ( B ) stockholders’ equity of at least $4M; and ( C ) market value of publicly held shares of at least $15M." https://www.theventurealley.com/2012/04/post/
"$2/share price — for at least five consecutive business days prior to approval, the security has a minimum closing price of at least $2 per share and the issuer has ( A ) market value of listed securities of at least $50M; ( B ) stockholders’ equity of at least $4M; and ( C ) market value of publicly held shares of at least $15M." https://www.theventurealley.com/2012/04/post/
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