RE:Whalewatcher1 when you're going for the jugular don't miss!Hi C10H12N2, maybe you understand this better. However I don't see how they qualify for the net income standard as they don't make any income and would need history of over $1M per year, see the requirements link below directly from Nasdaq. Even if they met that requirement they'd need to also have $15M US in stockholders equity, which they obviously don't have. It appears the Equity Standard is what they'd need to use, this requires $30M US in stock holders equity which they also don't have. Do you really think management even knows what they are doing here and setting up for an even greater failure. I'd assume they've already sent in application and have feedback before share consolidation, if feedback is contrary to what they've stated publicly they should provide market update. If you also look at cash balance, I don't nasdaq agrees with only monthly of cash left on runway
https://listingcenter.nasdaq.com/assets/initialguide.pdf