Assuming the criteria for listing from the table at this link is accurate, and I have no reason to think its anything but accurate, then Resverlogix doesn't qualify by any standard as things stand currently:

http://venturelawcorp.com/listing-requirements-nasdaq/

Standard 1 requires earnings, of which there is none.  2 requires cash flow and 3 requires revenues.  But its not 3 strikes and you're out...there's a 4th standard that could be met without earnings, cash flow or revenue.  

Standard 4 requires net tangligle assets of $80,000,000 in the last completed fiscal year.....there are other requirements such as market cap and number of shareholders, but it seems to me we put checks in almost all of the boxes except that $80 million box.  The $4 minimum share price would require a reverse split of course....$2.44 USD isn't good enough, and I doubt the company would want to list at just $4 or $5....I'm thinking at least a 3:1 if the PPS remains where it is.

If you go to Yahoo Finance Resverlogix's book value is listed at (-$0.83) per share for the MRQ.  My understanding of book value is that if you liquidated a company and satisfied all debts, obligations and liabilities, that what is left over is book value, typically expressed on a per share basis.  

I don't know how "hard and fast" these rules are....if there's some wiggle room or not.  But Resverlogix, as things currently stand, has massive strides to make to qualify by my read of the situation.  

The only way I see us qualifying for a listing on the Naz is after a substantial cash rasise.  Whether that comes from a secondary offering, a licensing deal or something else.  If that happens and the PPS remains under $4 USD per, then a reverse split would obviously be required as well.