The Nadaq requires (1) a cusip and (2) $2.2 million in revenue for 2 consecutive years to become a member. As per a previous post revealing Artec's new cusip on 10/28/2010 (the 1st requirement), I would imagine the JSE has a similar Cusip and annual revenue requirement (hopefully without the 2 year provision).
Just my opinion, but based on the above, I would think we are waiting for a signature on a distribution contract worth $X to meet a JSE annual revenue requirement before our forecasted rain storm begins.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.