Replies to post #226 on China Green Material Technologies, Inc.(fka CAGM)

[ottoman]

just that if CAGM is serious about uplisting to the NASDAQ main exchange, the stock price will have to be higher. $5 I believe.

Listing Requirements for All Companies Rule 4420
Each company must have a minimum of 1.1 million publicly-traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more then 10% of the company. The minimum bid price of the stock upon listing must be at least $5. Each listing firm is also required to follow Nasdaq Corporate Governance rules 4350, 4351 and 4360. Companies must also have at least 400 shareholders. A shareholder is defined by Nasdaq as a holder of over 100 shares.

http://www.investopedia.com/ask/answers/121.asp