NanoViricides Inc. (NNVC)

[loanranger]

The continued listing requirements aren't on the page that you linked....those are initial listing requirements.

I'm afraid that this isn't quite true:
"One risk for NNVC from a declining stock price is removal from the New York/AMEX Small cap board. With market Cap now below 100 million a decline in price below 1.00 could trigger a review by the listing committee and being put on a watch-list."

There is no minimum price requirement for continued listing and the market cap issue is dealt with as follows:
(b) Limited Distribution—Reduced Market Value—The Exchange will normally consider suspending dealings in, or removing from the list, a security when any one or more of the following conditions exist:

(i) common stock:

(A) if the number of shares publicly held (exclusive of holdings of officers, directors, controlling shareholders or other family or concentrated holdings) is less than 200,000; or

(B) if the total number of public shareholders is less than 300; or

(C) if the aggregate market value of shares publicly held is less than $1,000,000 for more than 90 consecutive days.

http://wallstreet.cch.com/MKTtools/PlatformViewer.asp?SelectedNode=chp_1_1_10&manual=/MKT/CompanyGuide/mkt-company-guide/


NYSE MKT doesn't let its members slip away very easily and NNVC isn't even close to that happening at this point.

The NYSE exchange itself, which the CEO persists in falsely touting NNVC to be a member of in EVERY email he sends....
Eugene Seymour MD MPH
Chief Executive Officer
NanoViricides, Inc
[e-mail]
www.nanoviricides.com
310-486-5677
"NNVC" on the New York Stock Exchange

....is a different story:

"A company will be considered to be below compliance if its average global market capitalization over a consecutive 30 trading-day period is less than $50,000,000 and, at the same time stockholders' equity is less than $50,000,000."
"A company will be considered to be below compliance standards if the average closing price of a security as reported on the consolidated tape is less than $1.00 over a consecutive 30 trading-day period."
http://nysemanual.nyse.com/LCMTools/PlatformViewer.asp?selectednode=chp%5F1%5F9&manual=%2Flcm%2Fsections%2Flcm%2Dsections%2F


Don't let CEO Seymour throw you off. The Listing Rules for NYSE and NYSE MKT are SIGNIFICANTLY different.