Houmu Holdings Ltd (HOMU)

[RickSanchez316]

Isn't the whole point of a penny RS to attempt to get Nasdaq status? I always feel people confuse penny RS and Nasdaq RS. A Nasdaq RS is a sign of weakness with the stock as it can't maintain its price target to meet Nasdaq requirements (seems to be $4 now). Someone correct me if I'm wrong.

Now with a penny stock, what other options do you have other than HOPING your stock somehow jumps 100000%+? Maybe there are other options but an RS is one of them.

Another area of confusion is confusing a SPAC for a penny play. Many penny plays say they are going to RS to get on the big board but never do...and it can be associated with false promises and such.

SPACs are legit companies, so of course they are going to work on getting on the big board.