InvestorsHub Logo
Followers 2
Posts 68
Boards Moderated 0
Alias Born 01/27/2023

Re: SF971 post# 46509

Sunday, 05/05/2024 2:52:21 PM

Sunday, May 05, 2024 2:52:21 PM

Post# of 46854
NASDAQ uplisting requires a waiting period of 30+ days after a R/S that would require a larger R/S to stay above the $4 min share price.

The alternative is ReachOut does another raise at time of the R/S and uplisting to avoid the waiting period in order to actually uplist at the $4 share price.

Any sale after uplist in that type of volume you outlined would drove the share price down significantly. If they did go this way, i doubt they'd sell and burn themselves.