Timber!!!!!, page-16

LAKINGS2014,
Below are the prerequisites for listing on the NASDAQ.
None of which we have ever met. Management know what they are doing, we need a decent market cap to list in the US, as we have very little revenue for a good few years until success in the clinic. This means an inevitable wait for clinical data.

When our market cap skyrockets and we are undoubtedly within one of the listing criterias below, then no doubt we will list.

This is exactly like a Jobs/Apple story, only you are wrong in the circumstances, Apple succeeded because they made a product people wanted, the world had many versions of the iPhone long before it was created. Apple just reinvented it and made it a product people needed, now they own the market. We will do the same with our technology.

People said the same thing about apple in the 90's that you're saying now about Benitec, you just need to look past is and see the possibilities, as much as your bank account frowns upon it.



Listing Requirements for All Companies (NASDAQ)
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.