Majic Wheels Corp (MJWL)

[todd-m]

“…The Nasdaq has four sets of listing requirements. Each company must meet at least one of the four requirement sets, as well as the main rules for all companies...”

Standard No. 4: Assets with Equity
Companies can eliminate the cash flow and revenue requirements and decrease their market capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 million.


Based on the most recent Annual report, the company meets Standard No. 4.

HUGE NEWS!!!

Early investors in @CGCXofficial converted their preferred shares to common shares with ongoing restrictions to bolster market cap of $MJWL since the preferred shares are not included in the market cap computations. Long term HODL expecting true valuation to be reflected soon.

— Majic Corp (@MajicCorp) May 5, 2022

WTF!!!???