Yes, you're absolutely right! But now we have to look into the (near) future... hope that things turn out well somehow! Because nothing has changed in their business strategy and stocks can fly up all the more on the OTC. Will they be able to list on the Nasdaq again soon, or???
Again news and new ticker symbol: BRQSF on Pink Sheet
Effective when the market opened on October 27, 2023, Borqs Technologies, Inc. (the “Company”), began trading on the OTC Pink Market and its ticker symbol changed from “BRQS” to “BRQSF”. No action by the Company's shareholders is required with respect to the ticker symbol change or transfer to the OTC Pink Market. The Company’s CUSIP number will remain unchanged.
On October 25, 2023, Borqs Technologies, Inc. (the “Company”) received notification from the Nasdaq Hearings Panel (the “Panel”), that the Panel has determined to delist the ordinary shares of the Company due to its failure to meet the terms of the Panel’s June 2, 2023 decision that granted the Company an extension until October 24, 2023 to regain compliance with the minimum $1 bid price requirement, as set forth in Nasdaq’s Listing Rule 5550(a)(2). Trading of the Company’s ordinary shares will be suspended on the Nasdaq Capital Market as of the open of trading on Friday October 27, 2023. Accordingly, the ordinary shares of the Company are expected to commence quotation on the OTC Markets (either OTCQB or OTC Pink Market) as of the open of trading on Friday October 27, 2023 under the current stock symbol “BRQS”. The transition to the OTC Markets will not affect the Company’s business operations and the Company will continue to file periodic and other reports under the Securities Exchange Act of 1934, as amended.
The Company has submitted an application to have its ordinary shares quoted on the OTCQX, which is typically a three to four week process for approval. OTCQX is the top tier of three markets organized by OTC Markets Group Inc. for trading over-the-counter securities, and is designed for established, investor-focused U.S. and international companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, and be current with their disclosure. There is no guarantee that the ordinary shares will be approved for quotation on OTCQX within three to four weeks or at all.
stock delisted. what idiots. they should of issued stock buyback when just did rs to make sure above buck. they pounded it down so fast. glad i sold all mths ago. sorry for everyone. they got to sell their solar and now no stock. what idiots
what idiots. they didnt learn the last time they did a rs. they allowed cockroaches to get rich hoping on the stock and riding it down to18 cents .the gov says they got to sell their solar by end of year. they will probably issue special divy that could be over buck and stock would fly over buck and they wouldnt have to do rs. i have never seen dumber management . poor employees who got stock
correct. and even DUMPED down below .80 as well
these idiots dont learn. they were pounded down on last split. what about selling the solar where is all that news?? when going to happen???
all they have to do is sell solar give us special divy of over buck and stock will be over buck
The trend is your friend…this isn’t a lt hold…
Stoxline posted a BUY today, same as yesterday. Upward movement continues. I really can't wait to see earnings. Any idea as to a release date? https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=BRQS
Nice move today.
Bid filled on dip below ,17. Big immediate bounce would be nice.
they learned the hardway about rs. only way to get over buck is they give us buck or 2 special divy when they sell their solar. thats only way to get over buck FAST AND THEY HAVE TO DO IT.
i sent ir the above.
The point is they have done many reverse splits. Over and over. They HAVEN’T learned.
Just to keep me up to date. Take note of Not Available. https://www.otcmarkets.com/stock/BRQS/security
Held at DTC
Market Value calculated only for respective security
Continental Stock Transfer & Trust Company
Short Selling Data
its not right. we have record earnings. co got to do a special divy for solar of buck or 2. that will get stock over buck. they learned the hardway that rs is not the answer. allowed all the cockroaches to hop on and push down
Can this be correct? https://simplywall.st/stocks/us/tech/nasdaq-brqs/borqs-technologies
Earnings have declined by 5.1% per year over past 5 years
Shareholders have been substantially diluted in the past year
Negative shareholders equity
Volatile share price over the past 3 months
UP some. Premarket volume on news.