Anavex Life Sciences Corp (AVXL)

[GrowthStockInvestor]

Uplisting Requirements
Each company must have a minimum of 1,250,000 publicly-traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more then 10% of the company. In addition, the regular bid price at time of listing must be $4, and there must be at least three market makers for the stock. However, a company may qualify under a closing price alternative of $3 or $2 if the company meets varying reequirements. Each listing firm is also required to follow Nasdaq corporate governance rules 4350, 4351 and 4360. Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.

I was in SLTD when they went from OTC to NASDAQ. WE STARTED GETTING 8Ks weekly before they announced uplisting. But they pumped up their stock before they did an RS then uplisted... So I expect Anavex to release significant news soon.