Replies to post #89768 on NaturalShrimp Inc (SHMP)

[TooFrank]

Closing Price (To qualify average annual revenues of $6 million for three years) $2

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157811756

[Jes125]

$2.00 for 90 consecutive days.
NASDAQ Initial listing guide June 2020 pg 10.


* 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. ** Effective August 2019 Nasdaq’s initial listing criteria were revised to exclude securities subject to resale restrictions for any reason from the calculation of publicly held shares, market value of publicly held shares and round lot shareholders. In addition, the round lot shareholder requirements were revised to also require that at least half of the minimum required number of round lot holders must each hold unrestricted securities with a minimum value of $2,500. *** 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.