OK, 1st I am not positive if the NASDAQ always adheres to the strict criteria.
This was never anything I ran into in my past until very recently. In that case that company did not meet all the criteria or and more likely I do not know this field. I will not give that company name because attention for that company certainly is not needed by thousands of new investors. I will by private message.
That company had 20 million cash and was trading at 2.10 when up listed.
What it appears to me is that there are exceptions to the rule.
Using logic, if I was in control of the decision I would snap up a multi million share trader such as CYDY in a New York minute.
NASDAQ is strictly business. They would love to have another moon shot ion their exchange.
We need someone with more experience than I have to comment.
No absolutely and unequivocally NOT. The $4 requirements for that level is just on the very day of up list. You don't have to take my word for it just look around at other companies that up lifted. HGEN did a reverse split it get above $4 and up listed the very next day. You are confused with the continuing listing rule of $1 bid price but that can persist for nearly a year with extensions.
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