Monday, July 05, 2021 8:41:06 AM
The requirements you quote are for the Nasdaq Global Select Market, not the exchange that the Company applied to join (the Nasdaq Capital Market).
The NCM has much less stringent initial standards (see the LINK).
At various times the Company met all of the individual standards but it failed to meet them all at the same time.
At one point it could have EASILY met the Market Value standard with a closing price of $2 and net tangible assets of $5 million merely by putting the required number of shares to Aspire.
(The bid price was over $4 for a month at the end of 2014...."December to be Momentous Month in Company’s History".)
The CEO never explained why he didn't see fit to do that.
https://listingcenter.nasdaq.com/assets/initialguide.pdf
https://www.sec.gov/Archives/edgar/data/1355250/000147793215001033/ctix_10q.htm
https://www.sec.gov/Archives/edgar/data/1355250/000147793215002993/ctix_10q.htm
https://www.sec.gov/Archives/edgar/data/1355250/000147793215005843/ctix_10k.htm
I'm tryin ta think but nuttin happens......Curly
Recent IPIX News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 01:30:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 09:25:58 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:05:44 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 01:00:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/30/2023 08:15:25 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 09/28/2023 01:00:08 PM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM