Innovation Pharmaceuticals Inc (IPIX)

[Rdunn88]

Really? Have you checked out those requirements yet? I'll bet you one share of CTIX that they don't qualify!!!

NASDAQ National Market (NASDAQ) The NASDAQ National Market imposes minimum bid price, quantitative and other criteria in determining whether a company will be permitted to list its stock on the NASDAQ. Initial Minimum Bid Price for Stock. The stock must have a minimum initial bid price of $5.00, and must later remain at or above $1.00. This requirement serves as a safeguard against certain market activities associated with low-priced securities, and protects the credibility of the NASDAQ market. Quantitative Requirements. To be listed on the NASDAQ National Market, a company must have net tangible assets of $6 million and net income in the latest fiscal year or two of the past three fiscal years of $1 million. In addition, these companies must have a public float of $1.1 million, a market value of the public float of $8 million, a minimum of 400 shareholders, and at least three market makers. Capitalization Alternative. Companies that do not meet the quantitative requirements may nevertheless be listed on NASDAQ if they have a market capitalization of $75 million or total assets of $75 million and total revenues of $75 million, an initial minimum bid price of $5.00, and meet certain other requirements. Peer Review Requirement. The practices of all independent auditors for companies listed on the NASDAQ are subject to monitoring under a peer review system. Also, the quality control systems of accounting firms of NASDAQ-listed companies are reviewed by peers every three years. NASDAQ SmallCap Market Listing Requirements Small capitalization companies can be listed on the NASDAQ SmallCap Market if they have: (1) net tangible assets of $4 million, or (2) $50 million market capitalization, or (3) net income in the latest fiscal year or two of the past three fiscal years of $750,000. In addition, these companies must have a public float of $1 million, a market value of the public float of $5 million, a minimum of 300 shareholders, and at least three market makers. Also, these companies must have an operating history of at least one year or $50 million market capitalization. The initial minimum bid price is $4.00 and the same ongoing minimum bid price and peer review requirements as are set forth above apply. Source: NASDAQ New York Stock Exchange (NYSE) The New York Stock Exchange imposes minimum quantitative standards relating to distribution and size criteria and financial criteria. Distribution and Size Criteria. To be traded on the NYSExchange, a company must meet certain requirements as to the number of shareholders, must have a market value of public shares of $100 million or an IPO market value of $60 million. - See more at: http://smallbusiness.findlaw.com/business-finances/markets-and-listing-requirements.html#sthash.N2x1m1mI.dpuf