(Total Views: 192)
Posted On: 06/16/2019 8:33:49 AM
Post# of 36566
Here is the exact wording again, from the official Nasdaq site, on how a company can qualify for the lower, alternative pps:
So, and correct me if I'm wrong, but it looks like we qualify both (ii) and (iii) above, right?
Also, it says nothing about how long the pps has to be above $2. Since prices fluctuate, I imagine they look at the price on the day of application, but I don't really know. We are almost at 2 now, so we should have it.
Quote:
** To qualify under the closing price alternative, a company must have: (i) average annual revenues of $6 million for three
years, or (ii) net tangible assets of $5 million, or (iii) net tangible assets of $2 million and a 3 year operating history, in addition
to satisfying the other financial and liquidity requirements listed above.
So, and correct me if I'm wrong, but it looks like we qualify both (ii) and (iii) above, right?
Also, it says nothing about how long the pps has to be above $2. Since prices fluctuate, I imagine they look at the price on the day of application, but I don't really know. We are almost at 2 now, so we should have it.
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