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Tuesday, April 09, 2013 1:31:28 PM
Just going by the Net Income Standard criterion alone ( refer to original post for others).
"Under Net Income Standard, a company must show net income from continuing operations of $750,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years, stockholders’ equity of at least $4 million and market value of publicly held shares of at least $5 million."
Income
2009: (1,913)
2010: (19,569)
2011: (23,281)
2012: (18,953)
2013: $750,000 profit?
MSLP Fiscal Year End 12/31
They would have to turn at least a $750,000 profit in 12/31/2013 FIRST, then apply for a listing after their fiscal year ends. Since they've been late with their 10K (90 days), the earliest is Feb. or April 2014. Again, assuming if they're able to turn a profit.
Unless there are exceptions we're not aware of, it doesn't appear MSLP will qualify for the NASDAQ Capital Markets listing in 2013 based on the fiscal year requirement.
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