Japan Food Tech Holdings Inc (JFTH)

[Starlost]

$DRFS
We decided that DRFS to go NASDAQ in the future.
The reputation of our new product "Vegan Foie Gras" is very high. We receive "sales order" every day, so the mass production system will be established from now on.

https://twitter.com/ishizuka_koichi/status/1546366864947052545

So...the CEO just "decided" that the company will go to NASDAQ in the future? Well, that is a LONG LONG way away. This tweet served as a pumping tweet to try and inject some life into the stock. Well, it worked, to a degree. But, as people realize what it will take to get there, the future is years away. During that time, what will happen to the PPS? Not a chance it gets there without a Reverse Split, among other things. If the stock was at 1 cent, that would be a minimum of 300:1 RS. Ouch!!

What are the rules to be listed on NASDAQ?
To be listed on the NASDAQ exchange and reporting system, the following requirements:

Shareholders Equity of at least $2,000,000
At least 100,000 shares of public float
A minimum of 300+ shareholders
Total assets of $4,000,000
At least two market makers
$3 minimum bid price of the company stock
Public float market value of $1,000,000