NGNM: Path to the NASDAQ small market listing
As far as I know, the co. must have an initial share price of $4 (I believe that this must be maintained for 30 business days), have at least 3 market makers and maintain a $1 share price. There are many rules (as you know) regarding continued listing, regarding public reporting and disclosures. They have maintained all but the $4/share price.
The share price has never been greater than $1.85, but has based quite well in the $1.30 range since the last Q's numbers. I would imagine that by Q2 next year, they will approach the $4 range, so long as they continue to grow revenues and drop the increases to their bottom line (5-8 cents per share/quarter) making them a good looking value on a P/E basis. Once listed, they'll get more respect from the market, presumabbly.
All just speculation, but I can dream.
aj
