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Biotech / Medical : Provectus Pharmaceuticals Inc.
PVCT 0.0630-1.6%Nov 28 9:30 AM EST
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From: boomertree25/14/2012 3:12:52 PM
1 Recommendation   of 13111
 
Under the new alternative Nasdaq listing standards, a security may qualify for listing on the Nasdaq Capital Market if:
  • $3/share price -- for at least five consecutive business days prior to approval, the security has a minimum closing price of at least $3 per share and the issuer has either:
    • Equity Standard: (A) stockholders' equity of at least $5M; (B) market value of publicly held shares of at least $15M; and (C) a two year operating history; or
    • Net Income Standard: (A) net income from continuing operations of $750,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years; (B) stockholders' equity of at least $4M; and (C) market value of publicly held shares of at least $5 million; or
  • $2/share price -- for at least five consecutive business days prior to approval, the security has a minimum closing price of at least $2 per share and the issuer has (A) market value of listed securities of at least $50M; (B) stockholders' equity of at least $4M; and (C) market value of publicly held shares of at least $15M.
In addition, the issuer must also demonstrate that it has:

  • Net tangible assets in excess of $2M if it has been in continuous operation for at least three years;
  • Net tangible assets in excess of $5M if it has been in continuous operation for less than three years; or
  • Average revenue of at least $6M for the last three years.
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