had to unblock vandalay to refute their claims:
if you scroll to page 10 in the link you provided -- "nasdaq capital market" requirements, the box at the bottom lays out minimum bid prices. included are $3 and $2, which are closing price alternatives to $4. the double asterisk is as follows:
** To qualify under the closing price alternative, a company must have: (i) average annual revenues of $6 million for three
years, or (ii) net tangible assets of $5 million, or (iii) net tangible assets of $2 million and a 3 year operating history, in
addition to satisfying the other financial and liquidity requirements listed above.
further:
"Minimum closing price of $3 per share, if the Company meets the requirements of the Equity or Net Income Standards under Rules 5505(b)(1) or (b)(3)...A security must meet the applicable closing price requirement for at least five consecutive business days prior to approval."
here's 5505(b)(1):
(b) Initial Listing Standards for Primary Equity Securities:
(1) Equity Standard
(A) Stockholders' equity of at least $5 million;
(B) Market Value of Publicly Held Shares of at least $15 million; and
(C) Two year operating history.
as it currently stands, yes, CVSI is eligible for uplist if it can maintain a closing price above $3 for two more days.
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