Microalliance Group Inc (MALG)

[KingMidasAu]

The problem is their share structure will now be to low. Gives them the option to dilute from a higher price point but it still doesn't make much sense atm

from google:

Nasdaq: Each company must have a minimum of 1,250,000 publicly traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more than 10% of the company. Also, the regular bid price at the time of listing must be $4.00, and there must be at least three market makers for the stock.

NYSE: To qualify for NYSE listing, a company must have at least 400 shareholders who own more than 100 shares of stock, have at least 1.1 million shares of publicly traded stock and have a market value of public shares of at least $40 million. The stock price must be at least $4 a share.