Gifa Inc (GIFX)

[ForReal]

Well then ponder this......

Kisa said that GIFX does not qualify for listing on a stock exchange. Here are the capital requirements for GIFX to list on the NASDAQ.....

Insights Markets & Economy


What are the listing requirements for the Nasdaq?

By Mary Hall

| Updated May 23, 2018


Major stock exchanges, like the Nasdaq, are exclusive clubs—their reputations rest on the companies they trade. As such, the Nasdaq won't allow just any company to be traded on its exchange. Only companies with a solid history and top-notch management behind them are considered.


The Nasdaq has four sets of listing requirements. Each company must meet at least one of the four requirement sets, as well as the main rules for all companies.


Listing Requirements for All Companies


Standard No. 1: Earnings

The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no single year in the prior three years can have a net loss.

Standard No. 2: Capitalization with Cash Flow

The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.


Standard No. 3: Capitalization with Revenue

Companies can be removed from the cash flow requirement of the second standard if its average market capitalization over the past 12 months is at least $850 million and revenues over the prior fiscal year are at least $90 million.


Standard No. 4: Assets with Equity

Companies can eliminate the cash flow and revenue requirements, and decrease its marketing capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 million.

https://www.investopedia.com/ask/answers/nasdaq-listing-requirements/

Does not appear that GIFX meets the capital requirements, according to the PR Kisa issued.