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Yes suspension is never a good thing. And before people jump down my throat I don’t think it is imminent.
No, that is not what they said at all. Re read the CC transcript as well as the reasoning for the R/S in the pre14c and you will see that they never said only for uplisting.
There is no such thing as the SEC only temporarily halting a company for rules violations, if the SEC takes action (doubt there will be) it would be a suspension.
Bravo
No, they get a free user name.
We finally agree on something.
Lol....S3 is already effective. No modification GUARANTEED.
Wash rinse repeat
It will be clarified in the very near future when they reverse split to make room for the $75 million dollars worth of shares they registered to sell in the S3.
Stockholm Syndrome...
What state is him main residence in because certain states don't seize it, like Florida.
Wasn't there a CFA posting here at one point?
Where is the industry finacial analyst to help shed light on this NASDAQ situation?
Because that is what pos penny stocks do.
How about the reason for rejection as they meet none of the requirements
Fundamentally stronger by increasing the preferred share count and diluting the crap out of shareholders to pay for all the expenses. Yup, I agree. LOL
I strongly disagree. DD is about finding the secret acquisitions (Green Door)and negotiations (EG and Chipotle) and clues to help figure out which dispensary is going to be acquired by the letter they chose to create new classes of preferred shares. They have to be acquiring the Green Door, why else would they create G and N classes of shares. GN stands for green.
The old Pop and Drop....
The S3...
If you do the math, even raising the A/S to 950 million, there is no room for the $75 million worth of shares they want to register in the S3 and to cover all the new convertible preferred shares they just created out of thin air without a shareholder vote. You know the GreeN Shares.
If you actually read the pre 14 fillings, they make it clear the R/S is to free up shares for financing as that is the main thing discussed, uplisting is discussed but not the main item focused on it their reasoning. Say one thing in a conference call, say something else in filings. If they know NASDAQ is ready for cannabis companies, why even bring it up?
Surprise Surprise Surprise. Well no, not really.
That what the article claimed but they haven't seen the denial letter yet. I don't know what that company even bothered to apply when they meet almost none of the requirements.
Not going to happen.
They also didn't meet all the requirements of NASDAQ....
Right, no margin required to BUY penny stocks, but you need it TO SHORT them.
Lol...dude. He listed tje requirements from IB and suretrader and you need $2.50 a share margin to short penny stocks. What is so hard to understand?
You do understand that .34 is below $5 right? Please reread the requirements and no, you can't short stocks in a cash account, period.
Incorrect.
They already have full control of the conpany...
They will sent him a blanked email saying they received his complaint and he will never hear from them again.
I dind't hit the bottom, but enjoying the ride.
GLTY
This company is a great trade. Trade it. Don't fall in love with it.
Yes, I am actually. Thanks for asking.
Wow, this is growing some legs today. Congrats to those that bought the low.
They won't.
Too bad the super lettuce is not iceberg lettuce
Pop and drop....