MyECheck, Inc. (fka MYEC)

[Fla_Condo]

NASDAQ Requirements.

I'm surprised no one has discussed this yet. Here is an article I found that lines out the most recent change in 2012

http://www.corporatecapitalblog.com/2012/05/nasdaq-capital-markets-lowers-initial-listing-requirements-to-benefit-smallcap-stock-listings/

The existing rules required that a company seeking to list its securities on NASDAQ must comply with a host of quantitative and qualitative initial listing requirements, including, among others, a $4.00 per share minimum bid price requirement. Under the new rules, a company that does not meet the $4.00 per share minimum bid price requirement may still list its securities on NASDAQ if it meets all other initial listing requirements and:

• evidences the $3.00 minimum bid price and qualifies under the Equity or Net Income initial listing standards, or

• evidences the $2.00 minimum bid price and qualifies under the Market Value of Listed Securities initial listing standard.