Guys. If you have some BLQN hold it for at least 30 more days. I firmly believe that this stock will be trading on the NASDAQ this time next year. For that to happen they need more big orders. The company stays quite which I hate but if this company just spent $10K a month on IR/PR they'd be trading with volume over $1.50 a share. I think these guys go big.
That cant be done. The reason why 90% of OTC stocks go from OTC to AMEX is because the listing requirements are so stiff(nasdaq) if you did not have a high profile IPO underwritten by one of the big boys like Sachs or JP Morgan.
It is not possible for BLQN to be on the Nasdaq any time soon, even if they get billions of dollars worth of orders.
Listing Standard No. 1
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no one year in the prior three years can have a net loss.
Listing Standard No. 2
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.
Listing Standard No. 3
Companies can be removed from the cash flow requirement of Standard No. 2 if the average market capitalization over the past 12 months is at least $850 million, and revenues over the prior fiscal year are at least $90 million.
A company has three ways to get listed on the Nasdaq, depending on the underlying fundamentals of the company. If a company does not meet certain criteria, such as the operating income minimum, it has to make it up with larger minimum amounts in another area like revenue. This helps to improve the quality of companies listed on the exchange.
It doesn't end there. After a company gets listed on the market, it must maintain certain standards to continue trading. Failure to meet the specifications set out by the stock exchange will result in its delisting. Falling below the minimum required share price, or market capitalization, is one of the major factors triggering a delisting. Again, the exact details of delisting depend on the exchange.