Replies to post #34870 on Yippy, Inc. (YIPI)

[Santoclauz]

They only need to meet ONE of the following(see below), not all. They meet #2, so it's only audited fins holding them back.

Meet one of the following exemptions, consistent with the definition of a “Penny Stock” under Rule 3a51-1 under the Securities Exchange Act of 1934:
Have a bid price of $5 or more; or
Have net tangible assets of $2,000,000, if the issuer has been in continuous operation for at least three years, or $5,000,000, if the issuer has been in continuous operation for less than three years; or
Have average revenue of at least $6,000,000 for the last three years.

[JP2222]

correct they are a ways away from 6MM but it is not "requirement for them to have 6MM" to be on the QX. In other words they can be on the QX and never have revs of 6MM. Of course that would never be ideal. Being on the QX is more about being a reputable reporting company than anything else.

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