Some more info on the IPO thanks to that article someone linked...

Some more info on the IPO thanks to that article someone linked (sorry can't find you).

Sec 101 General
(a) INITIAL LISTING STANDARD 1
(1) Size—Stockholders' equity of at least $4,000,000.
(2) Income—Pre-tax income from continuing operations of at least $750,000 in its last fiscal year, or in two of its last three fiscal years.
(3) Distribution—See Section 102(a).
(4) Stock Price/Market Value of Shares Publicly Held—See Section 102(b).

(b) INITIAL LISTING STANDARD 2
(1) History of Operations—Two years of operations.
(2) Size—Stockholders' equity of at least $4,000,000.
(3) Distribution—See Section 102(a).
(4) Aggregate Market Value of Publicly Held Shares—$15,000,000.
(5) Stock Price/Market Value of Shares Publicly Held—See Section 102(b).

(c) INITIAL LISTING STANDARD 3
(1) Size—Stockholders' equity of at least $4,000,000.
(2) Total Value of Market Capitalization—$50,000,000.
(3) Aggregate Market Value of Publicly Held Shares—$15,000,000.
(4) Distribution—See Section 102(a).
(5) Stock Price/Market Value of Shares Publicly Held—See Section 102(b).

(d) INITIAL LISTING STANDARD 4
(1) Total Value of Market Capitalization—$75,000,000; or
Total assets and total revenue—$75,000,000 each in its last fiscal year, or in two of its last three fiscal years.
(2) Aggregate Market Value of Publicly Held Shares—$20,000,000.
(3) Distribution—See Section 102(a).
(4) Stock Price/Market Value of Shares Publicly Held—See Section 102(b).

Sec 102 – Equity Issues
(a) Distribution—Minimum public distribution * of 500,000, together with a minimum of 800 public shareholders or minimum public distribution of 1,000,000 shares together with a minimum of 400 public shareholders.
(b) Stock Price/Market Value of Shares Publicly Held—The Exchange requires a minimum market price of $3 per share for applicants seeking to qualify for listing pursuant to Section 101 (a), (b) or (d), a minimum market price of $2 per share for applicants seeking to qualify for listing pursuant to Section 101(c), and $3,000,000 aggregate market value of publicly held shares for applicants seeking to qualify for listing pursuant to Section 101(a).

AJX would fail (a) Standard 1 & (d) Standard 4. I can't find any info right now on the differences in the standards for listing purposes but AJX would have to follow (b) or (c), which suggests either $2 or $3 per share for listing.

Unless management is lying to us, they're still on track for IPO and they would be aware of the minimum price requirements so ...

Everything looks fine to me. If something screws up around September, that's when I'd be worrying.