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Re: kaddy27 post# 127573

Sunday, 10/22/2006 2:39:21 PM

Sunday, October 22, 2006 2:39:21 PM

Post# of 311080
Hey Kaddy(Nasdaq Requirements)

AFs DO NOT have to be for a 3 year Period according to Nasdaq rule 4426(c) (2)


If an issuer does not have three years of publicly reported financial data, it may qualify under Rule 4426(c)(2) if it has: (i) reported aggregate cash flows of at least $27.5 million and (ii) positive cash flows in each of the reported fiscal years. A period of less than three months shall not be considered a fiscal year, even if reported as a stub period in the issuer’s publicly reported financial statements


source: www.nasdaq.com/about/nasdaq_listing_req_fees.pdf
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