Thanks ME93. I posted information on this document after speaking with a gentleman from the Nasdaq uplisting information group. I was unable to confirm the # of day requirement for $3 & $4 in the document, but after my conversation, this is what he told me.
The gist of the conversation: (we already know of the $2 for 90 requirement)
1) $3 for 5 days, not 4
2) $4 for 1 day
This following part I am only including as a future reference for other stocks:
If a company performs a RS to achieve either of the 2 options above for $3 & $4, depending on severity of the R/S, Nasdaq can place an additional 5-10 day requirement on sustaining the price point.
In other words, if you have a $3 target, but are sitting at $1.00, and perform a 1:3 R/S, you not only have to wait the 5 days, but an additional 5-10 days. Same for the $4 point if you R/S (1 day can become 6 days up to 11 days) to sustain the $4.
Thought I would help clear the air for everyone a bit since I was quite curious myself, as are a few others on this board.
Best to you and all Longs on IQST!
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