Replies to post #191960 on Kraig Biocraft Laboratories Inc (KBLB)

[GTman1]

Thank you for posting the whole rule but, I've read that dozens of times over the years. It says it right in there.

Lets start with the first line of Rule 5505:

A Company applying to list its Primary Equity Security on the Capital Market must meet all of the requirements set forth in Rule 5505 (a) and at least one of the Standards in Rule 5505 (b).

So we need ALL of the requirements, and at least one of the standards (there are three).

We can qualify for Equity Standard AND Market Value of Listed Securities Standard

Equity standard is self explanatory. Your hang-up is with standard 2 where it says:

current publicly traded Companies must meet this requirement and the price requirement for 90 consecutive trading days prior to applying for listing if qualifying to list only under the Market Value of Listed Securities Standard

See where it says "only"? Well Kraig Labs won't qualify for only that standard, they will qualify them for standard 1 as well. Thus negating the 90 days. It says it right there. The very first line of the rule tells you you can qualify for more than one standard.

[GTman1]

IMO, unless I see clearer proof it is $3 for 5 consecutive days closings above.

Well fortunately NASDAQ isn't relying on whether or not you are satisfied with the proof. It's there and they don't mince words in their rules.

I'm not saying Kim won't go with the $4 option. I'm saying he has the $2 option if he wants to use it.