Jan. 18 at 10:01 PM
$FERN just a reality check for everyone freaking out about RS and timelines. Here is what is required for Nasdaq. We are along way from the uplist or a destruction of outstanding publicly traded shares. Here you go about Nasdaq. It is not the OTC world. So enjoy the ride.
“…the Nasdaq exchange doesn’t allow any company to trade on its exchange without fulfilling the minimum criteria:
1,250,000 publicly traded shares outstanding on the listing, without including shares held by the directors or officers of the company
Company’s stock listed at a price of at least
$4.00 a share
At least 100 shares and 550 shareholders
Cash flow of at least
$27.5 million in the last three fiscal years
Aggregate pre-tax earnings in the prior three years of at least
$11 million or pre-tax earnings in the previous two years of at least
$2.2 million”