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$BURU anyone who thinks the OTC can’t run stocks , think again
A few years back
$TSNP ran from .0008 to $8.00
10,0000 bags !
Outstanding points.
The only thing changed is the trading exchange.
Share structure and fundamentals remain the same.
Company should release a few PRs and cancel the R/S for now. That action would create a jump in price.
$BURU Who bashes a company at a $1.4m Market Cap and patents worth $100m 🤷♂️
https://ca.finance.yahoo.com/news/nuburu-announces-5-5-million-213000894.html
”Bridge Loan From Existing Investors and a New Institutional Investor Secured by the Company’s Patent Portfolio Preliminarily Valued to be in the Range of $100 Million”
Ignore the noise
Buy the dip
No change in companies fundamentals
Actually they are only improving as company pays off debt and increases sales
Use the Market Cap as your guidance
10x puts the Market Cap at under $15m with patents alone worth 7x that 😮
Let that sink in… before you decide to donate your shares to 🩳’s
Unbelievable how some sold for deep losses under .04 on Friday
First they feel the pain of loss…
But after they feel even more pain when the stock recovers and they realize they sold emotionally unnecessarily 😢
$BURU if .20+ looked good a few days ago
.03x looks great to me !
Company Fundamentals unchanged
Strategic alternatives still in play here
Likely more now than ever !!!
https://ca.finance.yahoo.com/news/nuburu-announces-evaluation-strategic-alternatives-130000152.html
Who bashes a company at 1.4m Market Cap and patents worth $100m
https://ca.finance.yahoo.com/news/nuburu-announces-5-5-million-213000894.html
”Bridge Loan From Existing Investors and a New Institutional Investor Secured by the Company’s Patent Portfolio Preliminarily Valued to be in the Range of $100 Million”
$BURU 🤔 shorts called in a favour ?
No, it is not standard practice for NYSE American (formerly known as the American Stock Exchange or AMEX) to immediately halt and delist a stock as soon as its price goes under $0.10. Delisting typically follows a more structured process with several steps and notifications.
### Delisting Process on NYSE American
1. **Price Thresholds and Notifications**: If a stock falls below certain price thresholds (such as $1.00), the exchange will usually notify the company and give it a certain period to bring its share price back into compliance. This period can vary but is often around six months.
2. **Compliance Plans**: Companies may be required to submit a plan to regain compliance. If the exchange accepts this plan, the company will have additional time to meet the listing standards.
3. **Continued Monitoring**: The exchange will monitor the company's progress during the compliance period. If the stock does not regain compliance within the given timeframe, the exchange may begin delisting procedures.
4. **Public Announcements**: The exchange will typically make public announcements regarding the compliance status of a company, giving investors notice about the potential delisting.
5. **Appeals**: Companies often have the right to appeal a delisting decision, which can further extend the process.
### Immediate Halts
Immediate halts are more likely to occur due to specific events such as:
- **Significant news or events**: Pending material news, mergers, or acquisitions.
- **Regulatory Issues**: Concerns raised by the SEC or other regulatory bodies.
- **Market Manipulation**: Evidence of market manipulation or other suspicious activities.
### Summary
While a stock price dropping below $0.10 might trigger closer scrutiny and potentially initiate a delisting process, it is not typical for a stock to be immediately halted and delisted solely for this reason without prior notice and a chance for the company to regain compliance.
"NEW YORK, June 13, 2024--NYSE American LLC ("NYSE American" or the "Exchange") announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Nuburu, Inc. (the "Company") — ticker symbol BURU — from NYSE American.
NYSE American to Commence Delisting Proceedings Against Nubu…
finance.yahoo.com/news/nyse-american-commence-delisting-proceedings-201500629.html
finance.yahoo.com/news/nyse-american-commence-delisting-proceedings-2015…"
$BURU
Nothing has changed except we got the opportunity to get shares at ridiculously low prices and smart shorts got to cover
Next week this will recover hard with all emotional traders out watching in pain and wondering why they sold
Market Cap now under $1.4 million with $100m worth of patents
https://ca.finance.yahoo.com/news/nuburu-announces-5-5-million-213000894.html
Would not surprise me for another company to take advantage and now buy the company out for $1-$2 a share
https://ca.finance.yahoo.com/news/nuburu-announces-evaluation-strategic-alternatives-130000152.html
“the Company will assess a full range of strategic alternatives, including a sale, merger, divestiture, recapitalization, going private transaction, additional financing, and other significant transactions.”
At 4 cents now,not showing on investorshub,why?Great time to buy,this will only go higher.Good luck and good trading.
$BURU Nuburu Inc announces that after submitting the appeal it has been approved by the Nasdaq Listing Qualifications Committee to re-list on the New York Stock Exchange on June 24 and the reverse split will be implemented 1:40 Trading will be on the same ticker symbol (BURU)
It will take some time today but price should recover nicely.
How long does a compliance appeal take ?
NUBURU to Appeal NYSE Commencement of Proceedings to Delist
June 13, 2024 09:22 PM Eastern Daylight Time
https://www.businesswire.com/news/home/20240613029258/en/NUBURU-to-Appeal-NYSE-Commencement-of-Proceedings-to-Delist
Can the company appeal the decision while trading in the OTC ?
Yea, that worked out great.
BURU delisted from the AMEX to the OTC. **stock dropped 36% from .146 to .0933 on 49 million volume in pre-market. Halted at open.
https://otce.finra.org/otce/dailyList?viewType=Additions
Interesting to see how this will pan out.
Lots of brokers do not allow you to buy OTC, only sell
Not going to be pretty in the morning
No need to do an RS in OTC
🤷♂️ what they will do
It will resume trading tomorrow on the 14th as KeepItRealistic has just previuosly posted showing this.
How do we even sell our shares. Is the stock haulted?
I bet this might run if they did cancel the R/S if they are able.
Now that the date for the R/S to take place(June 24th) in a filing would they be able to change that and cancel the R/S from happening I wonder or would it be in the companies interest to do so even if they could?...just curious...I never seen this happen before.
$BURO 😢
$BURU brutal and unforeseeable; going to the OTC.https://t.co/jJs65j9Rhl
— SheepWolf 💫 (@realsheepwolf) June 13, 2024
r/s visible but delisting prior to 06/28 and move to OTC, damn.
Hate this outcome for all shareholders. pic.twitter.com/lwr2cEplGK
Yep, bad planning on their part
I wonder if this caught the company off guard...thinking the R/S was to prevent this from happening.
I guess they waited too long to do the split...you think?
$BURU OTC tomorrow
$BURU Nuburu, Inc Delisted from NYSE and will trade on Pink OTC Tomorrow 6/14/2024 pic.twitter.com/6FLjXrEpXa
— TheBull (@TheBull_Stocks) June 13, 2024
ouch...another disaster pick by petey has no clue picker!!!
You knew it was coming from the filings
$BURU 🤮
“As part of our overall recalibration, consistent with the authorization previously provided by shareholders, we will be implementing a 1-for-40 reverse stock split of our outstanding stock effective June 24, 2024 and expect that our stock would begin trading on June 25, 2024 on a split-adjusted basis under a new CUSIP number, 67021W301.”
You are so far behind 🤣🤣🤣🤣
lmao....you two clowns never get it right...timberlina coming in!!!
they set up the dummies and dragged them under water!!! reverse split next!
@TheRoaringKitty
— Blue Lazer (@OtcStocking) June 8, 2024
1) $BURU Nuburu. This company did an IPO valued at 350 million in late 2020. It owns all the patents 71 on Blue Lazer welding and 3D printing technology. Valued at over 100 million. The majority of patents have been awarded post ipo. The prospectus as follows: pic.twitter.com/JfpnixtXdp
Pump,now the dump.Will start over again next week.Good luck and good trading.
Looking forward to the move up. $$$
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