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Friday, July 10, 2020 10:56:09 PM
When do you think these advisors will push to have stocks relisted on NYSE?
I think it will happen after the SPSPA amendment and a reverse split, but before the re-IPO.
That move in itself will cause the stocks to double IMO as it puts the world on notice these companies are in play for capital from institutional investors that couldn't purchase/trade on OTC BB
You have it backwards: the share price has to get above $4 before re-listing. You can't count on the re-listing itself to raise the share price because it won't have happened yet.
Also, institutional investors are technically allowed to buy at $5.01, but they will want a much, much higher price to avoid being forced to liquidate if the share price goes back below $5. My guess is it will require a price of at least $30 per share (which all but guarantees a reverse split).
Can they be relisted to the NYSE before the NWS is dropped or not?
I don't see why not, though if corporate governance is a problem then there is no reason to try. There can be no capital raise with the NWS in place anyway.
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