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InVivo Therapeutics Holdings Corp. Message Board

  • envy_vo envy_vo Jul 18, 2013 2:35 PM Flag

    Up-listing standards are already met!

    For new investors: many of us think they will list on the NYSE:MKT. Here are the "quantitative standards" they must meet to list:

    Quantitative Standards

    CRITERIA LISTING STANDARDS

    Standard 3 (This is the standard NVIV would use).

    1. Pre-tax income1: N/A (Not applicable to NVIV under this standard).

    2. Market capitalization: $50 million (NVIV's Market Cap is over $300 Million.

    3. Market value of public float: $15 million (Float is 50 million, so market value is $250 million).

    4. Minimum price: $2 (It has been a long time since we have seen anything at sub $2 levels).

    5. Operating history N/A (Not applicable to NVIV under this standard).

    6. Shareholders' equity $4 million (Shareholder equity for NVIV is around $23 Million)

    7. Public shareholder/public float for Option 3: 400/500,000 (I am not sure how many shareholders we have, but suspect it is over 1000 - the public float is 57 million).

    So, NVIV clearly qualifies to list on the NYSE:MKT and "ring the bell" at the exchange.

    Myself, I believe they qualified (met the last hurdle of converting the warrants) on June 3rd. Typically, I believe we should see the announcement at around five or six weeks post application. This is the 6th week, so I would expect the notice tomorrow or MONDAY (probably MONDAY).

    No one owns enough of this stock!

    GLTA

    Sentiment: Strong Buy

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NVIV
4.02-0.21(-4.96%)Feb 5 4:00 PMEST