bearcat, schneidku answered most of your question I believe. In addition to the quantitative standards, based on memory from situations observed many years ago (which could well be inaccurate), I had thought that Nasdaq also had some qualitative standards, one of which is that they don't like to see a lot of the company's stock being unregistered. If that were the case, FTE would have had to file a registration statement for their unregistered stock before getting uplisted.
But now I'm thinking that that must not be the case since if it were, they would have done that before declaring this reverse split, since the reverse is usually the last thing a company does before getting uplisted.
