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Re: Blane post# 70911

Friday, 04/24/2020 8:10:25 PM

Friday, April 24, 2020 8:10:25 PM

Post# of 233596

Also, the regular bid price at the time of listing must be $4.00


With the Nasdaq Capital Market closing price requirement it's $2 for 5 days and net tangible assets of $2 million and a 3 year operating history.

Twelve months of working capital or a credible revenue plan covering 12 months of working capital is also needed. 200,000 doses sold at 50% discount would cover working capital in hand, it would also cover the net tangible asset requirement.

Of course with COVID-19 approval bid prices would be well over $4. We cpi;d also pre-sell 200,000 doses overseas prior to FDA approval and we're golden.
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