Yes. For both NYSE & NASDAQ is $1.00 minimum. Without getting into P/E ratio's, they would need enough sales to generate a market cap of over $800M. Now with that said, if they prove continued quarter over quarter growth, move off the pinks through audited books, pick up large investors then there is a way to et their quicker through P/E. The P/E (Price/Earnings) ratio is the inflated stock price relating the the company Market Cap. The higher the P/E, the more the investors think the company potential. For a typical big board stock, A P/E of 15 is avg. (Investor is willing to pay 15 times the current value for a stock).
After doing the below, we would be currently doing 15M in sales right now with a P/E of 1 (meaning "prove" that your revenue will grow before we invest at a higher price)
Example: (this is not actual, just saying 15M for math purposes only)
ICNB current revenue = 15M
Outstanding shares of stock - 814M shares
15M/814M = 0.0182 cents
Lets say investors think we are avg. and want to buy the stock at a P/E ratio of 15
15 x 0.182 = 0.276 cents
In this case, we would be trading at around 27 cents.
Three big factors here:
1) Amount of Outstanding shares (lower the better)
2) Revenue (higher means we are we are worth more in the equation)
3) P/E ratio (this is only determine by what investors are willing to pay (this jumps quickly after ER's come out).
After doing the below, we would be currently doing 15M in sales right now with a P/E of 1 (meaning "prove" that your revenue will grow before we invest at a higher price)
Example: (this is not actual, just saying 15M for math purposes only)
ICNB current revenue = 15M
Outstanding shares of stock - 814M shares
15M/814M = 0.0182 cents
Lets say investors think we are avg. and want to buy the stock at a P/E ratio of 15
15 x 0.182 = 0.276 cents
In this case, we would be trading at around 27 cents.
Three big factors here:
1) Amount of Outstanding shares (lower the better)
2) Revenue (higher means we are we are worth more in the equation)
3) P/E ratio (this is only determine by what investors are willing to pay (this jumps quickly after ER's come out).
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Iconic Brands, Inc. (ICNB) Stock Research Links
Words to remember "Investing is a Marathon not a Sprint"
