Replies to post #70326 on Seafarer Exploration Corp (SFRX)

[hedge_fun]

Here’s the latest requirements from NASDAQ…….

It looks like it’s been lowered to $4.

Regardless, there’s a revenue requirement for the previous year, and until they get a media deal to meet the rev threshold they cannot move to NASDAQ until at least next year.

But that’s okay because SFRX can continue to find more and more treasure this year, the share price can continue to rise, and a R/S won’t be needed when they move on up to the east side to that deluxe listing on the DAQ.

https://listingcenter.nasdaq.com/assets/initialguide.pdf

See page 11 for the $2 alternative. SFRX wouldn’t meet the requirement immediately. They would need $6MM in revs for 3 years, and meet asset requirements.

The Corp permit will lead to BILLION$ no doubt, but SFRX still needs to meet revenue requirements, which will take time.