Yes. For both NYSE & NASDAQ is $1.00 minimum. With
Post# of 3333
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).