New Technology Acquisition Holdings (NTAC)

[Renegades17]

Not what I heard

I never heard of an RS and it really doesn't make any sense until the stock price organically rises to at least $2-$3. There wouldn't be enough float to meet exchange rules and they need to prove that they have the minimum number of shareholders too. At $3, they could do a 2 or 3 for one RS and then it would make some sense.

I've only heard of audited financials and partners presumably buying stock as catalysts to get the share price higher. I think audited financials would really help as it's obvious that the "market" doesn't have full confidence in the financial statements.