22nd Century Group Inc (XXII)

[Justfactsmam]

Under "equity standard" or "net income standard"...there is NO 90 day share price requirement. Just closing price of $3...but does not specify # of days, (but definately NOT 90 days)...DSNY was told $3 for 5 days in their case.

http://www.redchip.com/blog/index.php/uncategorized/sec-approves-alternative-nasdaq-listing-requirements/#.Uv86hPldVbQ

"Under the new NasdaqCM requirements, a stock can qualify for listing if it closes at $3 or above for at least five consecutive business days prior to approval. The five-day requirement is in place to reduce the risk of price manipulation aimed at allowing a security to qualify for listing. In addition to the $3 share price requirement, the company must meet the following requirements:
Stockholders’ equity of at least $5 million
Market value of publicly held shares of at least $15 million
Two years of operating history
Or:
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
Market value of publicly held shares of at least $5 million."