Wednesday, August 28, 2019 6:56:51 PM
I’ve watched the comments here for the last few days grow more manic by the second. There’s a real lack of reality and understanding of the up-list process here. Here’s my opinion for whet it’s worth.
Nasdaq application process started on acceptance of form 10 by the sec which happened on June 12th.
That was 10 weeks ago approx
The normal Nasdaq process can take between 6-12 weeks and more likely the latter as pred is a pink sheet company and pinks going straight to nasdaq isn’t an everyday occurrence.
Add in the holidays and the Hindenburg piece and you can see why this is taking 10 weeks plus.
There is nothing wrong! If the application was denied, Brad would not have been at nasdaq and the company has 3 days to report it to shareholders.
The only problem here is everyone’s unrealistic timelines. The process is the process.
Another dangerous misconception is that all will be well when a company goes to nasdaq. I’ve see multiple failures of company’s that have gone to nasdaq. Nasdaq in itself is not a solution.
In preds case, it’s a stepping stone that allows exposure of the company to groups who really understand this space and the true value. To be honest, most here don’t have a clue and are in the stock for various reasons but not because of the DD they have done. Things have never been better fundamentally yet we are suffering share prices wise. That is temporary and will change.
The piece from Jerry Kramer was nice but the real story comes out when analysts get their hands on this. At that point you may understand the magnitude of this company and why $2 is a screaming buy. We are closer that ever to lift off and the panic is greater than I’ve seen it. It comes from fear and people latch onto that. Unfortunately some will lose out and sell. Either way the company will succeed and shareholders will be rewarded.
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