What I provided was the rationale for my "expectation" that Leo will issue a corporate update on Monday with up-listing as the lead story. You disagree. That's fine.
I understand that Leo filed the up-listing application on Feb. 5. According to the Nasdaq web site:
Please keep in mind that while it generally takes four to six weeks to process a listing application, this time frame is variable and may be shortened considerably, if the company has no issues and responds quickly to Staff comments.
Today, July 23, 2015, is exactly 24 weeks since leo filed the application and that is plenty of time for your "nuanced process" to have played out leaving share price as the only unfulfilled requirement.
Who is suggesting that Leo or CTIX counsel missed something? CTIX shares traded above $3 from Feb. 5 through Apr. 22 and at least one 5-day $3 period since then and this seemingly looks as if CTIX qualified under the equity standard but CTIX may not have had a 2-year operating history. Admittedly, even now, I don't know if CTIX has a 2-year operating history, but I assume they do.
Lawyers aren't the only ones who can draw inferences.
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