"Nasdaq is requiring the Company to trade above $4.00 for 10 trading days before we can uplist.”
This is a true statement. But it is SO misleading to shareholders.
I spent two hours going over the Nasdaq requirements in specificity.
There is no way this company qualifies for the Nasdaq. PharmaCyte does not meet the requirements.
Just trading over $4.00 for ten days is one requirement. The company has had 0 revenue for a long time.
Their assets are small.
The Nasdaq requires strong management and sound reputation. I will certainly come back and eat crow if I am wrong but the way I understand it , No way does PMCB qualify for the Nasdaq and it's not even close.
I believe management is getting bolder in misleading shareholders when they say we are going to be listed on the Nasdaq.