Current and Proposed Listing Criteria for the Nasdaq Small Cap Market.
SmallCap Market Entry Standards
Current Proposed
Net Tangible Assets NA 4,000,000 or
Market Capitalization NA 50,000,000 or
Net Income (2 of last 3 years) NA 750,000
Total Assets 4,000,000 NA
Total Equity 2,000,000 NA
Public Float (Shares) 100,000 1,000,000
Market Value of Public Float 1,000,000 5,000,000
Bid Price $3.00 $4.00
Market Makers 2 3
Shareholders 300 300
Operating History (years) NA 1 or
Market Capitalization NA 50,000,000
Can anyone tell me if we are even close to a NASDAQ listing, being
as Lenox still has not giving me the FY 96 numbers.
Rgds
JR |
