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Could RLT consolidate current shares by half to meet the...

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Puttinfordough

536 Posts.

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29/04/23

12:18

Post #: 67522764
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Originally posted by pickagoodone: ↑

So SP need to double and then some to make NASDAQ listing possible ?

To be listed on the NASDAQ exchange and reporting system, the following requirements:
Shareholders Equity of at least $2,000,000
At least 100,000 shares of public float
A minimum of 300+ shareholders
Total assets of $4,000,000
At least two market makers
$3 minimum bid price of the company stock
Public float market value of $1,000,000

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Could RLT consolidate current shares by half to meet the requirement? Seems a weird rule, wouldn't market cap be more meaningful? $3 in USD converted is a lot more than double current SP.
RLT Price at posting: $1.44 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.02		Change 0.000(0.00%)		Mkt cap ! $30.93M

Open	High	Low	Value	Volume
$1.03	$1.04	$1.02	$33.39K	32.39K

Buyers (Bids)

No.	Vol.	Price($)
1	4500	$1.01

Sellers (Offers)

Price($)	Vol.	No.
$1.02	50	1

View Market Depth

No.	Vol.	Price($)
1	4500	1.010
1	6292	1.005
2	13000	1.000
1	50	0.980
1	50	0.975

Price($)	Vol.	No.
1.015	50	1
1.020	4137	2
1.025	50	1
1.035	7230	1
1.050	980	1

Last trade - 11.36am 07/05/2024 (20 minute delay)

RLT (ASX) Chart

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