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Friday, July 15, 2016 11:47:58 PM
https://listingcenter.nasdaq.com/assets/initialguide.pdf
I believe, Clinuvel would qualify under the Nasdaq Capital Market's rules today. But I highly doubt that management wants to take the company to Nasdaq at this time.
It takes a solid company to do good on Nasdaq. Otherwise you will be subject to manipulation and heavy shorting. Clinuvel is rather safe today at the ASX. Especially if you believe we are headed towards a major crash, which I personally do.
I don't think you should expect uplisting the next 1-2 years.
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