Wednesday, May 30, 2018 6:03:34 PM
PLUS this company has stated they really want to go to Nasdaq. As mentioned company could potentially (unlikely though) withholding assets to shake pennystock holders, but that obviously going to further drive the price lower. Guess what may happen in the future.. reverse split again.
why?
“The company must maintain at least 500,000 outstanding shares to stay listed on the NASDAQ and 200,000 to stay on the NYSE. Each reverse split reduces the number of shares a company has.“
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