Innovation Pharmaceuticals Inc (IPIX)

[Rdunn88]

The Nasdaq Capital Market does require holding a bid price of 4 for 90 days before applying. See below... If CTIX qualified for the closing price alternative, they surely would have up-listed by now. A close of 2 or 3 is needed for that standard. This is not being negative, just presenting facts since some believe a 4 dollar PPS automatically assumes they can up-list... GLTY

** To qualify under the closing price alternative, a company must have: (i) average annual revenues of $6 million for three years, or (ii) net tangible assets of $5 million, or (iii) net tangible assets of $2 million and a 3 year operating history, in addition to satisfying the other financial and liquidity requirements listed above

* Currently traded companies qualifying solely under the Market Value Standard must meet the $50 million Market Value of Listed Securities and the applicable bid price requirement for 90 consecutive trading days before applying