Innovation Pharmaceuticals Inc (IPIX)

[Rdunn88]

CTIX cannot up-list to the NY Exchange. As Big K pointed out there's too many requirements for CTIX.

http://usequities.nyx.com/regulation/issuer-oversight/listing-standards/us

Distribution & Size Criteria

Must meet all 3 of the following:
Round-lot Holders (a) (b) 400
Public Shares (b) 1,100,000 outstanding
Market Value of Public Shares (b,c)

IPOs, Spin-offs, Carve-outs, Affiliates
$40 million
All Other Listings $100 million

Stock Price Criteria

All issuers must have a $4 stock price at the time of listing

Financial Criteria

Must meet one of the following standards:

Alternative #1A - Earnings Test (g)
Aggregate pre-tax income for the last three years (d) $10 million
Minimum in the most recent year $2 million
Minimum in the next most recent year $2 million
Positive amount in all three years

Alternative #1B - Earnings Test (g)
Aggregate pre-tax income for the last three years (d) $12 million
Minimum in the most recent year $5 million
Minimum in the next most recent year $2 million

Alternative #2a - Valuation with Cash Flow (g)
Global Market Capitalization (f) $500 million
Revenues (most recent 12-month period) $100 million
Adjusted cash flow:
Aggregate for the last three years $25 million
Positive amount in all three years

Alternative #2b - Pure Valuation with Revenues
Global Market Capitalization (f) $750 million
Revenues (most recent fiscal year) $75 million

Alternative #3 - Affiliated Company

For new entities with a parent or affiliated company listed on the NYSE
Global Market Capitalization (f) $500 million
Operating History 12 months
Parent or affiliate is a listed company in good standing
Company's parent or affiliated company retains control of the entity or is under common control with the entity

Alternative #4 - Assets and Equity
Global Market Capitalization (f) $150 million
Total Assets $75 million
Stockholders' Equity $50 million

Real Estate Investment Trusts (REITs)
Stockholders' Equity (b) $60 million

Closed-end Management Investment Companies and Business Development Companies (BDCs)
Market Value of Public Shares (b) (c) $60 million
Total Market Capitalization $75 million