Question for WhalewatcherIf I read it right, you are arguing that NASDAQ bases its eligibility criteria on data from CSE.
My question is "why would they do that?"
NASDAQ's trading volume is about US$200 billion a day. CSE's is about CAN$20 million on a good day. So, NASDAQ is 10,000 times bigger.
NASDAQ operates in the US market, which is much bigger than CSE's Canadian market.
Presumably, NASDAQ has the data, experience and knowledge to reach its own conclusions about the value of a company in its own market.
so why would it base its eligibility requirements on data from a relatively tiny exchange, in a much smaller market, that has comparatively little knowledge of the US market?