Hoops, it's very clear - maybe you are looking at
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(Total Views: 250)
Posted On: 06/16/2019 10:36:53 AM
Hoops, it's very clear - maybe you are looking at the wrong page. Scroll down to page 10 of the pdf. That is the tier we would be in. Then look at column 2 - that is our column. It says "**$4 or $2 bid or closing price". Then, look at the ** note, which I posted previously, but here it is again:
** 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, we qualify for the $2 price because we meet both (ii) or/and (iii) in the exception note above.
Here is the link to the pdf again:
https://listingcenter.nasdaq.com/assets/initialguide.pdf
** 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, we qualify for the $2 price because we meet both (ii) or/and (iii) in the exception note above.
Here is the link to the pdf again:
https://listingcenter.nasdaq.com/assets/initialguide.pdf
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