Mitesco Inc. (MITI)

[Stockingstuffer12]

To be listed on the NASDAQ exchange and reporting system, the following requirements:

Shareholders Equity of at least $2,000,000
At least 100,000 shares of public float
A minimum of 300+ shareholders
Total assets of $4,000,000
At least two market makers
$3 minimum bid price of the company stock
Public float market value of $1,000,000
Can alternative offerings “graduate” to the NASDAQ

It has been rumored number of pushers for reverse mergers tout the ability of a company now listed on the Over the Counter (OTC) exchanges can “graduate” to NASDAQ or the NYSE. This is certainly possible and many salespeople will reference some big names like Turner Broadcasting, Occidental Petroleum or Berkshire Hathaway.

In a former life, when the NASDAQ was not as big as it is today, this was certainly more prevalent, but each of these companies would now be a wide exception to the rule. Unfortunately, transitioning to larger exchanges is much more difficult than many micro-cap business owners and management assume. However, it’s not out of reach as the numbers above showcase. Your best bet for being able to step up to the next exchange: build a good business that is investable. That is, focus on the business and not the financial engineering behind the business. If you have a great business, the money will flow in, the stock price will increase and the transition will be more than natural. The most common problem are the puffer fishes. They’re those that tout how great their business is, but who may have unrealistic expectations on their abilities and the growth within the market.