Friday, May 24, 2013 1:06:17 PM
ALL FNMA NEEDS TO DO IS STAY ABOVE $4.00 AND BYE-BYE OTCBB AND HELLO NYSE!
Take a look at this PR:
http://www.marketwire.com/press-release/agria-regains-compliance-with-nyse-continued-listing-standard-minimum-share-price-nyse-gro-1783354.htm
From the way I read it. If FNMA was still listed with NYSE they would need $1.00 price for 30 days. The issue is FNMA voluntarily delisted back in June 2010 by filing a form 25 with NYSE and CHICAGO exchanges and is NO LONGER LISTED WITH THESE EXCHANGES http://www.prnewswire.com/news-releases/fannie-mae-notifies-nyse-and-chicago-stock-exchange-of-intention-to-delist-96462904.html and they need to re-apply for a NYSE listing.
From all I've read, the price they need is $4.00 at the time of listing with NYSE. http://usequities.nyx.com/regulation/listed-companies-compliance/listings-standards/us and the same $4.00 criteria applies to NASDAQ and AMEX is $3.00 or $2.00 for certain AMEX filers.
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