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TenKay

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TenKay

Re: BurningMan post# 69036

Tuesday, 12/19/2023 12:29:53 PM

Tuesday, December 19, 2023 12:29:53 PM

Post# of 71084
Depends on how fast he dilutes. It is also going to be very easy to short.

With the 1:100 it makes the last two splits a total of 1:900 and that is beyond NASDAQ’s limit over 2 years.

They will have to keep the price above $1 until August 2025 otherwise when it goes below $1 for 30 days it will go straight to delisting.

I certainly don’t think that will be possible given the amount of funding they will need in 2024. I would be surprised if it survived above $1 until the end of 2024.

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