JRjr33 Inc (JRJRQ)

[snowgeek]

some decent information here: http://www.mwe.com/publications/uniEntity.aspx?xpST=PublicationDetail&pub=6579&PublicationTypes=d9093adb-e95d-4f19-819a-f0bb5170ab6d

2. maintained a closing stock price of $4 (or, in the case of the NYSE Amex, either $3 or $2, depending on the applicable listing standard) per share or higher for a sustained period of time, but in no event for less than 30 of the most recent 60 trading days prior to the filing of the initial listing application and prior to listing; and

But a little farther down the page:

Exceptions to the Additional Listing Requirements

The new rules include two exceptions. First, a reverse merger company is exempt from all of the new rules if it is listing in connection with an initial firm commitment underwritten public offering generating gross proceeds of at least $40 million (or, in the case of the NYSE, where the proceeds satisfy certain aggregate market value of publicly-held shares requirements). Second, a reverse merger company will not be required to comply with the minimum price requirement described above if it has satisfied the one-year trading requirement described above, has filed at least four annual reports with the SEC or other regulatory authority containing all required audited financial statements for a full fiscal year commencing after filing the information described above and is not delinquent in its filing obligations with the SEC or other regulatory authority.

So it seems the >30 day requirement seems to not apply here, but I could be wrong. I haven't been able to find any firm info on the absolute minimum.

Since this just isn't 'just' an uplist, but essentially a re-ipo, the rules seems to be maleable depending on the company and how the exchange views them.