We are far from listing on a major exchange.  It is not just the PPS that needs to be above $1 (which ours no longer is).  And our new market value as of today is a whopping $8 million (down from over $40 million), so clearly too low.  

"The company and its stock must meet listing requirements for its price per share, total value, corporate profits, daily or monthly trading volume, revenues, and SEC reporting requirements. For example, the NYSE requires newly listed companies to have 1.1 million publicly held shares held by a minimum of 2,200 shareholders with a collective market value of at least $100 million. Companies that want to list on the Nasdaq, on the other hand, are required to have 1.25 million public shares held by at least 550 shareholders with a collective market value of $45 million.

Second, it must be approved for listing by an organized exchange by filling out an application and providing various financial statements verifying that it meets its standards. If accepted, the organization typically has to provide written notice to its previous exchange indicating its intention to voluntarily delist.   The exchange may require the company to issue a press release notifying shareholders about this decision."

As HKipp said, the irony.  A major business blunder.