Replies to post #75798 on Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

"It also requires that the stock price be over $3 for at least 60 consecutive days."

I assume that you're referring to NYSE MKT vs the NYSE proper with that response.
The price requirement is a bit more complicated than that:
https://usequities.nyx.com/listings/list-with-nyse/nyse-mkt-listing-standards

"Stock Price/Market Value of Shares Publicly Held—The Exchange requires a minimum market price of $3 per share for applicants seeking to qualify for listing pursuant to Section 101 (a), (b) or (d), a minimum market price of $2 per share for applicants seeking to qualify for listing pursuant to Section 101(c), and $3,000,000 aggregate market value of publicly held shares for applicants seeking to qualify for listing pursuant to Section 101(a)."
http://wallstreet.cch.com/MKTtools/PlatformViewer.asp?SelectedNode=chp_1_1_1&manual=/MKT/CompanyGuide/mkt-company-guide/

I couldn't find any reference to the 60 consecutive day requirement. Can you help?
If memory serves (and it may not) the company whose symbol starts with N that gets mentioned a lot based on some common history met no such requirement.

[Whoops]

The Nasdaq requires "$3/share price — for at least five consecutive business days prior to approval, the security has a minimum closing price of at least $3 per" I would assume the other markets are similar.

Where do you find the pps must be over $3.0 for 60 days? For NYSE?


NASDAQ article link
http://www.theventurealley.com/post/