I hope you are correct about the NASDAQ lising requirments.
Clearly not a normal trading day. Up tick after up tick. I'd like to believe that somethin' is a brewing. The last PR statement certainly gives you the sense that a deal is pending. ("...measured in weeks not months"). Could such an annoucement be immediately pending the completion of testing on the Tahoe? Guess that's the $64,000 question. If there is a partner/OEM waiting in the wings, is the completion of testing the only thing holding up the deal?? Your thoughts...?
According to NASDAQ, it depends on which Standard the company is filing under. Under Standard 3, the company must maintain a market cap over $75M AND have its stock's closing bid price above $5.00 per share for 90 consecutive days....and that's not an average. So my understanding is: the clock started over.
The other Standards (1 and 2) have requirements that the company hasn't met yet by my understanding. Standard 1 requires $1M in income from continuing operations. TOVC doesn't have that.
Standard 2 requires $30M in Stockholder Equity. I don't believe we're there yet either.