I know there's a lot of moving parts to getting listed on the Naz....minimum bid prices, capitalization, balance sheet requirements and more probably.  

John Vandermosten, while I'm not a big fan of paid analysts...it is what it is.  And that aside I thought his recent report (the $5 PT notwithstanding) was well written.  He put it this way:

For example, the NASDAQ requires shares to trade above $2.00 if the market value of the company is greater than $50 million. Other considerations need to recognize U.S. institutional investors that many times will only screen for an investible universe with shares that trade above $5.00. 

So it would seem that if we're at $3+ USD trading for RVXCF that a reverse split would not be required to get on that exchange.....however the point about $5 being the threshold for a lot of institutions is well known.