Replies to post #121177 on Innovation Pharmaceuticals Inc (IPIX)

[TOB]

No, that applies only to the bid price and the market value.

But I thought that someone (LR?) posted that we needed to stay at $2 for an extended period of time; something like 90 or 120 days. Is that correct? -thefamilyman

Market value is in the bag, and the $2 closing price alternative doesn't require 90 days. Audited financials are coming to support the closing price alternatives ($2 and $3).

CTIX is headed to the NASDAQ.

[Whoops]

The stock market always goes down in the summer..oh no China or oh no Greece or oh no "x" the brokers want their summers off. The markets heat up when the weather cools and it typically lasts till May or June. If we need $2 for 90 days I don't see the problem. The bears or shorts or whatever just attacked the price will recover just like it did after the short attack in December 2012.

[loanranger]

Not me!

I'll plead guilty to overlooking the last two words of this, but I was very quickly corrected:
"Currently traded companies qualifying solely under the Market Value Standard must meet the $50 million Market Value of Listed Securities and the applicable bid price requirement for 90 consecutive trading days before applying."

Also note the reference to "applicable bid price requirement", which is actually $4.

Also note that IF the company qualified solely under the Market Value Requirement at the time they applied one wonders how they could have had the application accepted, given that they hadn't traded over $4 for 90 days before it was submitted.