Saturday, June 20, 2015 2:36:40 AM
The net tangible assets needs to be shown 15 months prior to listing so AMBS would not qualify for it. So PPS needs to be > $4.
http://nasdaq.cchwallstreet.com/NASDAQTools/PlatformViewer.asp?selectednode=chp_1_1_4_3&manual=%2Fnasdaq%2Fmain%2Fnasdaq-equityrules%2F
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