There have been posts here about how shorts hope t

There have been posts here about how shorts hope to sink the SP below $3 to keep CYDY off of Nasdaq. This is not accurate --for a couple of reasons. First, the bid price requirement is for the 90 consecutive trading days BEFORE applying, not after it. (There are different price standards for each market "tier," but this is always the case.) NASDAQ's own listing guide is

> https://listingcenter.nasdaq.com/assets/initialguide.pdf

NASDAQ says this:

"Currently traded companies qualifying solely under the Market Value Standard must meet the $50 million Market Value of Listed
Securities and the applicable bid price requirement for 90 consecutive trading days before applying."

AND:

"Currently traded companies qualifying solely under the Market Value Standard must meet the $75 million Market Value of Listed Securities and the $4 bid price requirement for 90 consecutive trading days before applying."

Not only that, but if you look at the requirements for Nasdaq Capital Market listing, it offers two minimums: the bid price or the Closing Price. The bid required is $4, the Closing Price $2.

To recap: 1) the bid price required is for the 90 days before application and 2) the closing price for the Capital Market listing is $2, not $3.