Kiwa Bio-Tech Products Group Corp (fka KWBT)

[hugh_jackoman]

I believe the company is pretty close to meeting the Nasdaq Capital Market standards for listing

5405. Initial Listing Requirements and Standards for Primary Equity Securities
A Company applying to list its Primary Equity Security on the Global Market shall meet all of the requirements set forth in Rule 5405(a) and at least one of the Standards in Rule 5405(b).

(a) Initial Listing Requirements for Primary Equity Securities:

(1) Minimum bid price of at least $4 per share; **can be $3 under closing price alternative see below

(2) At least 1,100,000 Publicly Held Shares; and

(3) At least 400 Round Lot Holders.


2) Equity Standard

(A) Stockholders' equity of at least $30 million;

(B) Two-year operating history;

(C) Market Value of Publicly Held Shares of at least $18 million; and

(D) At least three registered and active Market Makers.

** 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