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Tuesday, June 22, 2021 10:28:25 AM
This company will be able to uplist direct to Nasdaq. If the share price doesn’t gap up to multi Dollars on release of the news all they have to do is show that they have a cash injection of $40m.
I know this for sure as I was told that by the listings team in Nasdaq themselves.
The fact that they’re only reducing the outstanding share count by 900m says that they want to maintain their shareholder base which they also need to uplist to the Nasdaq.
Here’s the thing. It’s going to be sooo easy for them to attract institutional investors as all they have to do is issue them with a new class of shares preferred that get paid a dividend. Institutions love those kind as they get that regular income from them.
Considering how successful this CEO Is I really wouldn’t be surprised if he’s already had potential institutions lining up to invest in the company.
This guy is already very well known in his industry. He’s been working in real estate finance for more than 20 years. If you consider some of the terrible market cycles he’s gone through and survived, to say he’s bankable would be putting it mildly.
I can even see this company getting bought out for Billions even before it gets to the Nasdaq!
Just my thoughts!
My post are my opinion only. You should do your own due diligence before investing in any stock or take professional advice. I am not an investment advisor. Kind Regards.
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