Healthier Choices Mgmt Corp (HCMC)

[killmaster6666]

I am not 100% on all of the rules involving the NASDAQ requirements, but there are OTC stocks that do make their way on to the NASDAQ or the NYSE, and I would not be surprised if VPCO did just that. There is always a buyout chance as well. But this is for sure one of, if not the most solid OTC stocks out there, at least as far as I have seen. I

Upon a quick search I found this...

Each company must have a minimum of 1,250,000 publicly-traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more then 10% of the company. In addition, the regular bid price at time of listing must be $4, and there must be at least three market makers for the stock. However, a company may qualify under a closing price alternative of $3 or $2 if the company meets varying reequirements. Each listing firm is also required to follow Nasdaq corporate governance rules 4350, 4351 and 4360. Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.

In addition to these requirements, companies must meet all of the criteria under at least one of the following standards:

Listing Standard No. 1
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no one year in the prior three years can have a net loss.

Listing Standard No. 2
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.

Listing Standard No. 3
Companies can be removed from the cash flow requirement of Standard No. 2 if the average market capitalization over the past 12 months is at least $850 million, and revenues over the prior fiscal year are at least $90 million.

So as you can see, VPCO is far from meeting these criteria to be listed on the NASDAQ, I don't know about the other exchanges, but I am sure they are easy to look up. I also am fairly sure there are a lot of expenses involved in getting listed, something a small growing company may have trouble with. The stocks that you see that get listed directly on to the NASDAQ have boatloads of Venture Capital backing them up, so they always have to adhere strictly to the rules, I think they get some time to build the business. NASDAQ listed companies can definitely get booted if they don't measure up after too long; a good example is Cereplast CERP