This morning I took a look through the Nasdaq Init
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Posted On: 12/28/2020 8:14:13 AM
This morning I took a look through the Nasdaq Initial Listing Guide to refresh my memory on the minimum requirements for NGIO stock to be listed.
Even under the least stringent requirements, the biggest hurdle NGIO faces is the requirement for Stockholder Equity to be at least 4 or 5 million dollars. From the 10-Q filed Dec 15, Stockholder Equity was negative 6 million.
Even if they were able to add 10+ million to their assets through a stock sale/signed deal/etc, wouldn't the Nasdaq be referring to the most recent quarterly report?
What I'm getting at is (if we are not kidding ourselves), are we going to have to wait for a 10-Q with Stockholder Equity north of 4 million (next one is 2.5 months away) until NGIO's Nasdaq listing is approved?
Not that there is an immediate 10 million dollars coming NGIO's way to put on the books.
Even under the least stringent requirements, the biggest hurdle NGIO faces is the requirement for Stockholder Equity to be at least 4 or 5 million dollars. From the 10-Q filed Dec 15, Stockholder Equity was negative 6 million.
Even if they were able to add 10+ million to their assets through a stock sale/signed deal/etc, wouldn't the Nasdaq be referring to the most recent quarterly report?
What I'm getting at is (if we are not kidding ourselves), are we going to have to wait for a 10-Q with Stockholder Equity north of 4 million (next one is 2.5 months away) until NGIO's Nasdaq listing is approved?
Not that there is an immediate 10 million dollars coming NGIO's way to put on the books.
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