Nasdaq would be great but they currently do not meet the requirements and they have removed the language of "intending to apply under NASDAQ Capital Market" from the recent prospectus. Limited liquidity in shares for the foreseeable future. They will need to actually produce significant sales with M100 to get above $4/pps to even think about NASDAQ uplisting. Loss of TSX doesn't help but they knew that upon placement.
They need commercialization and orders at a decent margin. There will be significant shares selling until that time. The debt conversion shares will be sold to reduce exposure and if the pps gets above $2.25, those warrants are going to come into play. They do have about a 40% gross margin, so they can show results quickly with any increase in sales. Annual sales are probably around $3 million right now...need to get to $20 million+ (That's only 40k M100's). Technology is there....its all about execution now.