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Wednesday, December 15, 2021 8:37:22 AM
Going from a penny stock to being listed on the NASDAQ indicates monumental amount of commercial progress for a company. It means that there is a certain level of success that has been attained.
Also, from my limited understanding, when a company gets listed on an index like the NASDAQ, ETF's based on that index are required to purchase shares of companies listed in the index. Every time new money is deposited into an index fund, a portion of that new money is used to buy shares of each company in the index. As long as new money is flowing into index funds, there is buying pressure for shares listed in the index.
The reverse is also true. When money is leaving the index fund, shares of the listed companies are sold regardless of the success of the individual company.
Also, non-index investment funds will not touch a penny stock. Fund managers will seriously look at a company who has met the requirements to be listed on The NASDAQ, S&P, Russel 2000. LQMT will never make it into the DOW, the hurdle is just too high.
"Today is the day." - Mel Fisher
Recent LQMT News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 08:11:00 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 08:49:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 09:05:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/21/2023 10:15:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2023 10:26:27 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/10/2023 08:37:18 PM
Kona Gold Beverages, Inc. Announces Strategic Initiatives and Corporate Direction Changes • KGKG • Aug 2, 2024 2:00 PM
POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • POET • Aug 1, 2024 9:28 AM
Management Discusses Financial Filings of Global Arena Holding Inc., for 10-K 2023 and 10-Q, 1st Quarter 2024 • GAHC • Aug 1, 2024 9:14 AM
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Duane Forrester Joins INDEXR as SVP of Search • MONI • Jul 31, 2024 11:46 AM
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