Sino Agro Food Inc (fka SIAF)

[RealDutch]

Nasdaq Listing Requirements

Still wondering why VLOV failed and why SIAF should succeed. One thing is certain, VLOV knew it didn't qualify (yet) when it effected a reverse split. They weren't sure whether to list on Nasdaq or on Nyse Amex. And they didn't qualify for Nyse Amex because the market cap was below $25M.

Perhaps this was VLOV's biggest problem.
"As of April 10, 2013, we had 53 stockholders of record of our common stock based upon the stockholder list provided by our transfer agent."

Anyway, this is an interesting read.

http://www.investopedia.com/ask/answers/121.asp
"Major stock exchanges, like the Nasdaq, are exclusive clubs - their reputations rest on the companies they trade. As such, the Nasdaq won't allow just any company to be traded on its exchange. Only companies with a solid history and top-notch management behind them are considered."

"Listing Requirements for All Companies
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."