The OTC is not recognized as an exchange. The Nasdaq requirements as listed are not complete-they have to maintain the minimum share price for an established period of time to remain on Nasdaq. It is a case of meeting them all, not making exceptions. The rules are quite clear on this-it is not a case of meeting for example..."A prospective issuer wishing to be listed on the Nasdaq Exchange must meet at least four of the following required criteria before listing....". It is a case of all or none, not one or some. There are extra costs associated with being listed on the Nasdaq and they may not be prepared to meet those costs at this time. They are also listed in Canada where they have to meet very rigid continuous disclosure requirements-doing the same here on the Nasdaq might not be of interest to them at this time due to the costs. Should a prospective buyer come knocking being on the QX may be an advantage cost wise in terms of meeting takeover bid offers.
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