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NASDAQ requirement for listing
For those that have mentioned mCig on NASDAQ including our CEO who needs this information more.
I hope that in the not to distant future mCig/vCig can qualify.
What are the listing requirements for the Nasdaq?
By Investopedia Staff AAA |
A:
Major stock exchanges, like the Nasdaq, are exclusive clubs - their reputations rest on the companies they trade. As such, the Nasdaq won't allow just any company to be traded on its exchange. Only companies with a solid history and top-notch management behind them are considered.
The Nasdaq has three sets of listing requirements. Each company must meet at least one of the three requirement sets, as well as the main rules for all companies.
Listing Requirements for All Companies
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 requirements. 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.
In addition to these requirements, companies must meet all of the criteria under at least “one” of the following standards.
Listing Standard No. 1
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no one year in the prior three years can have a net loss.
Listing Standard No. 2
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.
Listing Standard No. 3
Companies can be removed from the cash flow requirement of Standard No. 2 if the average market capitalization over the past 12 months is at least $850 million, and revenues over the prior fiscal year are at least $90 million.
A company has three ways to get listed on the Nasdaq, depending on the underlying fundamentals of the company. If a company does not meet certain criteria, such as the operating income minimum, it has to make it up with larger minimum amounts in another area like revenue. This helps to improve the quality of companies listed on the exchange.
It doesn't end there. After a company gets listed on the market, it must maintain certain standards to continue trading. Failure to meet the specifications set out by the stock exchange will result in its delisting. Falling below the minimum required share price, or market capitalization, is one of the major factors triggering a delisting. Again, the exact details of delisting depend on the exchange.
Shorty needs to cover so buy more and make their day.
It will be if everyone starts Tweeting the news and that the XDate was not announced yet but the S1 was approved.
Keep buying
When do those short mCig need to cover buy vCig shares as well by?
I'm not short, just wondering when the short squeeze happens.
Go mCig/vCig
May the odds be ever in our favor
I have 2 Pot stocks in my portfolio that are green today, the rest are red.
Everyone is waiting for a hint that the S1 was passed.
There are several Hookah shops by my house, I can see mCig doing well in a hookah shop.
How many accounts do you have mCig in? I think I beat your mCig resolve with 100,000 shares across 4 accounts... my IRA, my Brokerage account, and my two kids college accounts with an average cost basis of .35, .73, .47 and .24.
mCig and the rest of the MJ/MMJ stocks are paying for my kids college education in 10 years.
And I too have been buying for well over a year buying my 1st 10,000 shares at .08.
Go mCig
I voted "Yes" for Cannabis legalization in Illinois.
Ready and waiting for one more dip to .20 to pick up more.
mCig is still a young start up company.
He seemed like he was already hopped up on something or has ADHD.
Last chance to buy mCig, this month LOL
Happy Halloween
I tweeted Jane Wells...
Today is your last chance to buy mCig shares... Before the end of the 3rd quarter ends at 4:30 pm eastern.
Last Chance To Get Some Free VitaCig Shares!!!
I see green smoke on the horizon people...
Whether that takes 2 days or two months does not matter to me. What matters is that it gets done. I am a long term investor here. I know you and a lot of others are too. Long term to me is measured in years, not days, weeks, months. This is a START UP COMPANY in an industry that is still illegal on a federal level. Even if it was not one, every single company in the world has Challenges. Look at the quarterly reports for the S and P 500 and let me know what you see.
Maybe KGET is no longer a company, and we are the last ones to know and Bo is now in the Bahamas sipping a Fruity Drink on a beach toasting us all.
I will get the vCig shares regardless and before other who buy them open market.
Not selling my FREE vCig shares till they hit well above $1.00. My Kids college accounts and my IRA will love this IPO and free shares.
Not complicated when smoking my vCig from CVS with the enhanced Libido Max filed insert.
Chilling and waiting for my Divi... I might but several 1000 more shares if we drop under .20 again.
Nice shake out, is it time to buy more or wait till .19. Hummmmmmm.
Are you trying to say that mCig is a Bo Linton type scam?
Someone who really misses the smell of a baby's freshly washed and powdered butt, that's who.
Me too, added more on dips to my 55k shares... and accumulating.
Buying more here on dips before the Xdate. Just some of my Bio Fuels stock for a profit to buy more mCig.
Go mCig/vCig Go
Fidelity is 180, you can also adjust the expiration everyday if you wish. They even send you an email when the sell order is expiring.
MM's gonna push this down and grab some stop losses one more time before the Divi comes out. Those that have not seen the news yet about the Divi and sell because of that are gonna be crying.
Me, I have funds waiting and I am willing to waiting and see if this gets pushed down to .20 one more time before I load up one last time.
You will be doing that dance when this his $1.00
I want more, but I have to sell one of my MMJ stocks to buy more... I am thinking 10k more under .19 if it falls.
A therapeutic Ebola vCig could really heat things up...
Experimental or not, if this happens to my kids I am ask for then demanding that the Hemopurifier Therapy treatments be used in combination with other known treatments that work.
mCig is not a pink, but I am sure you know that already.
I say get used to it. It was a never ending +/- .14 for about a year and before that it was a never ending +/- .09.
One of Aethlon Medical's executives traveled from the company’s headquarters in University City to Germany to be present while the device was being used.
Not even close. I've been visiting here for many years and can tell you first hand there are many AEMD die hard longs that believe in the company, they won't be selling right away as you suggest.
We will still be here when you are long gone.
You have a lot of people hold for 2 years at 0.09 and those that have averaged down waiting for more than $1.00 PPS
As long as JJ does not suddenly get into Medical Marijuana AEMD will be fine and if the Hemopurifier can actually cure the Ebola patients, even better. Then us longs have something to look forward to.
I have been long on this one since early 2013, my CB average is .08 cents. I hope so.
By the way Clay puts blue sky at .285.
I am not selling anytime soon.