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Muscle Pharm Corp. Message Board

  • tontis_acheater tontis_acheater Dec 12, 2013 12:01 PM Flag

    MSLP not eligible for NASDAQ listing

    Listing Requirements for All Companies
    Each company must have a minimum of 1,250,000 publicly-traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more then 10% of the company. In addition, the regular bid price at time of listing must be $4, and there must be at least three market makers for the stock. However, a company may qualify under a closing price alternative of $3 or $2 if the company meets varying reequirements. Each listing firm is also required to follow Nasdaq corporate governance rules 4350, 4351 and 4360. Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.

    In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.

    Listing Standard No. 1
    The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no one year in the prior three years can have a net loss.

    Listing Standard No. 2
    The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.

    Listing Standard No. 3
    Companies can be removed from the cash flow requirement of Standard No. 2 if the average market capitalization over the past 12 months is at least $850 million, and revenues over the prior fiscal year are at least $90 million.

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    • There are multiple different NASDAQ markets that a company can list on and each has its own requirements. Capital Market is where most small-caps up-list to and those are not the requirements for the Capital Market. MSLP is well within the requirements for Capital Market.

      Please stop being annoyingly ignorant or flat out lying because you are short the stock.

      Sentiment: Strong Buy

    • As you can plainly see, MSLP is not eligible for a NASDAQ listing for at least several years. MSLP would need to file positive earnings for 3 consecutive years or positive cash flow for 3 consecutive years or have a market cap of $850 million for at least 12 consecutive months.

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