what happens to the value of the stock of a company listed on pink slip when it is picked up by NASDAQ?

yhp99: what happens to the value of the stock of a company listed on pink slip when it is picked up by NASDAQ?
NASDAQ has a $ 1.00 per share minimum requirement… If a stock in the pink slip exchange worth $ 0.05 becomes part of NASDAQ, does it jump in value to $ 1.00 per share?

Answers and Views:

Answer by patrickehoward
NASDAQ has minimum requirements for listing on their exchange. I think it is $ 5.00 + other requirements. The stock cannot trade on the NASDAQ if it is priced under $ 5.00. The stock needs to meet ALL minimum listings before moving to NASDAQ. NASDAQ listing really only adds credibility to a company, and not necessarily value.

Answer by A nobody
No it does not jump up
The only thing that drives the price of a stock up is buyers.

NASDAQ will not list a stock that is currently trading at $ 0.50

Nice try