Baristas Coffee Company, Inc. (BCCI)

[BobSinCA]

NASDAQ requires much more than 'formal application process.'

They also have to meet financial requirements.

PPS can easily be met with an RS.

Shareholder equity requirement, however, is much more difficult. They are millions below the threshold, and losing money (most recent quarter, $0.60 in operating losses per $1 in revenue, plus $0.30 in interest expense). So, that leaves a very dilutive shareholder offering, or a long slog to profitability, if ever.

Net: Investors should not anticipate NASDAQ in the near future.

OTCQB listing was touted as a way to attract institutional interest; no such investments have been announced since said listing (the two which were announced were made in Q4) -- perhaps more will be visible when Q1 institutional reports are available. Note that many institutions also have a minimum pps requirements.