Innovation Pharmaceuticals Inc (IPIX)

[TOB]

That's not correct, there are other standards for NASDAQ that do not require income. Plus, income is not only sales, income from a partnership could meet the income standards.

Again, they don't meet the current standards to up-list. Are they all-of-a sudden going to have sales this year? Leo needs to read the rules!!!-Rdunn88

Here are the actual rules. In NASDAQ Global Market: Income is only for the Income Standard. CTIX would meet the Market Value Standard.

Under NASDAQ Capital Market: The Equity Standard and Market Value Standard don't include income.

https://listingcenter.nasdaqomx.com/assets/initialguide.pdf

What CTIX does need are minimum Bid or closing price requirements, and to meet additional corporate governance standards.

CTIX Up-list to the NASDAQ looks like it's in the bag for 2015.