Having read the news, it appears the hardest requirements have been met. And trust me, there are many hoops through which to jump.
For those that do not know, the books must be lily white and earnings positive, no scams or funny business, going back for years. Now, a positive I appreciate, is that Robinhood investors may not invest in relatively cheaper risky stocks. Nasdaq is sound . Also, many investment firms / institutional big buyers, are required to go more secure equities. The nasdaq is where the big league goes and this little Canadian stock is now going to be recognized, which serves the American investor well.
Once on the Nas, its not a question , if our earnings and business model have been good. We do not get on , if all stipulations have not been well met. I repeat, this is a huge undertaking and achievement.
Recognition on this massive a level , helps to drive the price up. And up .search that rather than trusting me.
This company has already proven its scalability in Canada, and good earnings. Being on Nas enhances all of that , on virgin turf here in the USA. The management has proven it self, to make great decisions for the shareholders. And this is another brilliant accomplishment toward an even more profitable and secure position.
I have already determined that I will hold all my shares, I will know short term fair play, and see a long term satisfaction, indeed. Its a major part of my portfolio, dollar for dollar, disclosure, 20% which is large, i know. These opportunities are rare, IMO.
I want to add that inflation is upon us. And interest rates - rise, will likely be a requirement. That will cause the big companies to be less able to take out cheap loans.( historically) That will risk a general market selloff , and these dollars will be looking for defensive/ hedging stocks. Short term we may wish to convert certain equities to dollars, hard assets, etc. One should research : defensive stocks in inflationary times. Medical stocks have tended to perform well. If this repeats, wouldn’t we choose to be holding health care stocks, tried and true , and newly uplisted, in this arena? All IMO. Glta.
