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Friday, June 26, 2020 5:16:45 AM
While the listing for NYSE American is 2$ one of the benefits of it is the DE-LISTING is .20 Cents, much lower than the NASDAQ which under normal conditions is 1.00.
Listing on the NYSE American to begin with IMO would be a much safer play as to decline below 1.00 and stay there would make them vulnerable to de-listing back to the OTC....but more importantly for investors the NYSE American and its .20 Cents threshold would keep investors safe from a REVERSE SPLIT option by the company.
https://crossbordercounselor.com/stock-price-flexibility-on-the-nyse-american/#:~:text=For%20an%20initial%20listing%2C%20the%20NYSE%20American%20requires,Global%20Market%2C%20a%20price%20of%20%244%20is%20required.
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