Entertaining this for a moment....sample of some Nasdaq listing requirements vs. what BCCI shows from latest financials from Sept. 2012 (assuming they apply for the lowest tier: Nasdaq Capital Market (ref. page 9): https://listingcenter.nasdaqomx.com/assets/initialguide.pdf
Stockholder Equity Requirement: $4-$5 million (varies depending on standard used) BCCI Stockholder Equity: $0.416 million
To qualify under the closing price alternative, a company must have (in addition to the other requirements): (i) average annual revenues of $6 million for three years, or (ii) net tangible assets of $5 million, or (iii) net tangible assets of $2 million and a 3 year operating history.
BCCI's gross revenues to date since 2004 are only $2.8 million. Total assets (including cash and receivables) is only $0.887 million.
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