Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
No doubt in my mind that the uplisting will bring in much more volume BJ.
The real volume will be when institutional investment comes into the picture and Maxim and Roth will make that happen.
Yep and I'm thinking they are now waiting for their Q4/EOY earnings report to come out first.
That's about right. The last RS symbol change lasted somewhere around 2 weeks.
Apparently it is now the week of the August 12th.
Thanks for posting BJ!
Yes I see that..
Sounds like a good idea.
Same here. No warrants I'm told now.
Great BJ. Was it Maxim or Roth?
I'm now told that no warrants will be issued. Too bad about that .
Yessir.. What is even better is the mention of warrants to be offered!
Yes ..and holding.
Apparently they are still in discussion about the minimum investment amount question.
No but I'll know more early next week.
Right now they are calling to see if I was interested in the offering. They will also keep you current with the next steps/any updates.
Got a call from Maxim Group yesterday; one of the underwriters for the 13mm secondary stock offering. They will most likely contact you as well.
Hey there. This thing is flopping around like a fish outta water.
LOL .
Hang in there... it's only temporary.
yes no doubt. There were 456 shares traded .I'm thinking most may be waiting to participate in the 9.00 offering if we get uplisted.
Yes I see that now ! Great BJ! Thanks for the update .
Yes but it hasn’t really been trading at all. One token share is all I can see. The one ask is locked on 25.00
Sounds like the 13MM IPO pps is 9.00. The.90 price that dropped 10 mins before Friday’s closing. Probably a good way to drive more interest at this bargain rate.
Latest as of 3:40 pm
$10.50 bid (CDEL) X 170
$20.00 ask.(NITE) X 100
Another step in the process in motion:
https://ih.advfn.com/stock-market/USOTC/flux-power-holdings-inc-qb-FLUX/stock-news/80326858/securities-registration-statement-s-1-a
https://www.otcmarkets.com/stock/FLUXD/overview
Looks like Nite is the only MM showing up so far.
Can’t wait to see how this 28% drop plays out tomorrow. If it will be anything like pre-RS trading then we should go from 9 to 12 pretty quickly.
You're probably right BJ. 1:10 RS not what I hoped for but the uplisting mins. required it. That 16mm public offering will also happen once they are uplisted.
Thanks for posting this !
BJ
At this point it seems to me as though $2.00 + will be no problem in the very near future. Especially when Flux reports year-end earnings and also the additional Class's of battery orders that the global OEM of forktrucks will most likely place. Therefore a reverse -split would not be necessary.
Fingers crossed!
BJ
At this point it seems to me as though $2.00 + will be no problem in the very near future. Especially when Flux reports year-end earnings and also the additional Class's of battery orders that the global OEM of forktrucks will most likely place. Therefore a reverse -split would not be necessary.
I've also definitely noticed a tighter more controlled MM bid -ask price along with a new ascending price pattern.
Yesiree ! Also I'm thinking more institutional investors and coverage from top analysts.
New information most likely connected to the uplisting application.
https://www.sec.gov/Archives/edgar/data/1083743/000165495419007876/flux_8k.htm
"From 2003 to 2015, Ms. Walters-Hoffert worked for Roth Capital Partners, an investment banking firm focused on providing investment banking services to such companies, most recently serving as Managing Director in the Investment Banking Division, overseeing the firm’s San Diego office and its activities with respect to medical device, diagnostic and specialty pharma companies. At Roth Capital Partners, Ms. Walters-Hoffert trained and managed transaction deal teams and was responsible for the oversight of all aspects of transactions, including due diligence, internal communications with sales forces and external communications with institutional investors, among others."
Roth Capital happens to be one of the bookrunners on the IPO/Uplisting deal.
Very interesting.
That's a definite possibility. They had one about a year or two ago.
Also See page 10. There's three different Nasdaq tiers of listing; each with three sub-categories.
Nasdaq Market Capital/ Market Value of Listed Securities Standard seems to be the best fit.
https://listingcenter.nasdaq.com/assets/initialguide.pdf
I agree 100 %.
I'm assuming that they will need to meet the listing requirements set forth
by the SEC prior to the uplisting. I believe the Naz's historical minimum share price requirement was always $ 4.00 but also believe there is a $ 2.00 alternative listing price available with a few additional requirements.
I noticed a new MM on the Ask " GTSM. "
Trying to get more background on them.
I came across this on another Forum on ST.
" GTSM---This is a newly formed market maker, that most have not noticed.
What makes them special is, they have institution clients in addition to OTC clients... camouflage for the whales. "
I'll keep digging.
Very smart plan at these levels.
Some good insight on what an uplisting to the Naz could bring:
There's also an update in the comments section.
https://seekingalpha.com/article/3957442-uplisting-power
More
10 GSE Lithium-ion batteries about to be shipped to a Top 5-Global Airline customer. Although Flux Power's lithium-ion batteries are well known in the material handling industry, they are quickly gaining acceptance as a better option to power airport GSE. https://hubs.ly/H0j6m360
FLUX Power
@FLUXpwr
42m42 minutes ago
More
Major shipment of X36 LiFT Pack Forklift Batteries being prepared for shipment to a Global Forklift OEM. #lithiumionbatteries #forklifts