Thursday, November 06, 2014 11:45:26 PM
Here are the requirments.
Nasdaq- 50 million market cap or above needs to be 1$ share price
nyse- 50 million market cap or above and needs to be above 2$ share price
With some basic calculation. MCIG has a 65 million market cap but is only at .25 cents. it would need to 4x the current market cap.
While only making 250k a qtr in revenue this would almost be impossible to hold or get there. It means your valuing this company at 250 million dollars and it only brings in 300k in revenue a qtr at best.
This is a pipe dream even at current market valuation. It will go below 10 then 5 cents pps
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