Just got this info off the IHub board, poster called the company today on the Nasdaq listing:
Posted by: researcher59 In reply to: None Date:2/4/2005 11:35:00 AM Post #of 3592
IPII NasdaqSC listing update
I just called IPII and was advised that they submitted their application for NasdaqSC listing several weeks ago, and are awaiting a response. They had previously told me that their reverse split would take effect upon moving to the Nasdaq, but not before, since a reverse split is often viewed negatively by investors. Of course, if it's concurrent with the NasdaqSC listing, then it should effectively become a positive as a means to gain the listing upgrade. I also asked whether the Nasdaq might require audited financial results, which are only the annual results, but was told that was not the case. They have submitted their 9 month results with the application. Fiscal year end audited results are due out in late March.