In other words, they want what the NASDAQ BX Venture Market is supposed to bring. Plus the benefit of being owned, operated, and supervised by NASDAQ. It has been approved, but the JOBS Act distracted the SEC from the final rulemaking requirements.
Once the BX, or some other qualified US venture market, finally launches, it may be a game-changer for smaller, yet legitimate companies. No longer would they have to associate with promotions and scams that make up the majority of the pink sheet trading.