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Re: None

Wednesday, 12/27/2023 12:42:27 AM

Wednesday, December 27, 2023 12:42:27 AM

Post# of 7427
Most immediate threat to delisting is the under .10 for 11 days Nasdaq rule. They announced the .10 rule was triggered on Nov 10. PR was released that they requested a hearing by the SEC review panel by Nov 17 but no news on how this worked out. Seen this before with other Chinese tickers. Likely the the Chinese government is funding this volume spike to get this to .10 and hold for 10 days to keep it listed. The 1 dollar rule was triggered last May and can request another 180 day extension. Volume, if it is the Chinese government behind the surge, means they intend to create a squeeze to get back in compliance and not R/S.