• 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 than 10% of the company.
• Also, the regular bid price at the time of listing must be $4.00, and there must be at least three market makers for the stock.
• However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.
• 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.

It looks to me like we have checks in all those boxes, although a consolidation might be required if the "varying requirements" are not met to list at $2 or $3.   According to investopedia there are four categories...each has the aforementioned list of requirements, as well as other criteria depending on the category.  It seems to me that without revenue, and obviously no earnings....that the only category for Resverlogix is Category 4 which says this:

Standard No. 4: Assets with Equity

That is clear as mud to me, but through the dross this is what I take it to mean.  Marketing Captitalization I take to mean Market Cap...and as of Wednesday's close RVXCF has a Mcap of just over $500 million, so $160 million isn't a problem I don't think.

As for total assets and stockholders equity....that I'm a lot more fuzzy on.  How much of those assests and equity would a company like Resverlogix need to have in cash?  It strikes me that the market has priced in dilution for this offering at about 20%, that's what my last Seeking Alpha blog post was about.  20% dilution would mean 40 million shares....at the $4 p/unit offering price that would bring in $160 million Canadian.  

$160 million Canadian rings in at about $118 million USD according to google's currency convertor....more than enough to retire the loan, finish the trial, and still have $80+ million in cash assets.

Does this sound crazy?  Here' the link to the investopedia page: 

https://www.investopedia.com/ask/answers/nasdaq-listing-requirements/

I still say its all about Top-Line results.....But I also think it would be far better if those results (especially if they're positive) came after a Nasdaq listing, they would garner much greater attention imo....I think pretty much everyone would agree with that.  

I'm seeing information on-line that suggests it only takes 4-6 weeks to get listed on the Nasdaq, but that it can be shorter if there are no issues and the company responds to any Nasdaq staff comments.  4-6 weeks from now would put us likely sometime in August....still in the 2-4 month time frame that was given for Top-Line.

Anyway....if nothing else its something to think about.  I've only assumed the possibility of a Nasdaq listing, and not the Amex.....I've only owned a few Amex listed stocks and don't have a very high opinion of that exchange, so if Resverlogix is going to get a US listing I hope its the Naz and not the Amex.....I don't think we have a hope in hades of the NYSE.  

Now to bed, maybe....heading onto night shift tomorrow and getting my sleep schedule adjusted isn't easy.