JP, earlier this year I asked Gerald how long a RS
Post# of 30070
Posted On: 09/30/2014 12:54:05 PM
JP, earlier this year I asked Gerald how long a RS/uplisting would take once the company was ready to do it. He stated if the company submits all required documentation to NASDAQ early and the only limiting factor was the share price, then a RS and uplist could be done quickly. That's how the previous company I mentioned conducted their uplist. Approval was granted contingent on a RS which met the minimum price requirements, and it literally happened overnight.
This quote from page 3 of the NASDAQ Initial Listing Guide gives support to Gerald's statement.
https://listingcenter.nasdaqomx.com/assets/initialguide.pdf
While a day might be overly optimistic, I believe it could certainly be done in just a few days. I would expect Gerald to have his ducks in a row on this and that it would happen quickly. If weeks or a month is required, then someone certainly dropped the ball.
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This quote from page 3 of the NASDAQ Initial Listing Guide gives support to Gerald's statement.
https://listingcenter.nasdaqomx.com/assets/initialguide.pdf
Quote:
Listing Timeline
While it generally takes four to six weeks to process a listing application, this time frame is variable and may be shortened considerably, if the application raises no issues and the company responds quickly to Staff comments.
Week 1. Company submits application for listing and NASDAQ Listing Qualifications Staff begins its review.
Weeks 2-3. Staff completes its preliminary review and prepares comment letter.
Weeks 3-4. Company addresses any issues raised by Staff.
Weeks 5-6. Staff completes their review and company is approved for listing.
While a day might be overly optimistic, I believe it could certainly be done in just a few days. I would expect Gerald to have his ducks in a row on this and that it would happen quickly. If weeks or a month is required, then someone certainly dropped the ball.
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