Kraig Biocraft Laboratories Inc (KBLB)

[faithabides]

This is the NASDAQ Capital Market requirements. Only #2 requires the 90 consecutive days. #1 and #3 do not.

Some have done research on the other exchanges but I think they will go with the NASDAQ as I understand it the fees are lower.

https://listingcenter.nasdaq.com/assets/initialguide.pdf

hopeabides Wednesday, 10/02/19 09:09:33 PM
Re: None 0
Post # of 180261
Update: It’s actually (1). (3) No 750k of sales in Q3 (2) has 90-day rule because it say ‘and the price requirement’.

Kim will choose (1) and not (3) as (3) requires $750k of sales ... so it will be the last step in the process to uplist.

Let me repeat.... RS (IF NEEDED) WILL BE THE LAST STEP BEFORE UPLISTING!!! NO 90-day requirement to hold $4 before doing this.

.... and at least one of the Standards in Rule 5505(b).

(a) Initial Listing Requirements for Primary Equity Securities:

(1) (A) Minimum bid price of $4 per share; or

....

(b) Initial Listing Standards for Primary Equity Securities:

(1) Equity Standard

(A) Stockholders' equity of at least $5 million;

(B) Market Value of Unrestricted Publicly Held Shares of at least $15 million; and

(C) Two year operating history.

(2) Market Value of Listed Securities Standard

(A) Market Value of Listed Securities of at least $50 million (current publicly traded Companies must meet this requirement and the price requirement for 90 consecutive trading days prior to applying for listing if qualifying to list only under the Market Value of Listed Securities Standard);

(B) Stockholders' equity of at least $4 million; and

(C) Market Value of Unrestricted Publicly Held Shares of at least $15 million.

(3) Net Income Standard

(A) Net income from continuing operations of $750,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years;

(B) Stockholders' equity of at least $4 million; and

(C) Market Value of Unrestricted Publicly Held Shares of at least $5 million.