Savvy Trades and Investments

[RNsidersbuying]

OMIC .445 - one of our prominent board-members frequently refers to "manipulation" in these markets...well I'm seeing a setup here where one might take advantage?

OMIC has until "July 15, 2024" to get the pps above $1.00 for 10 days...

On July 17, 2023, the Company received a letter from Nasdaq indicating that the Company was not in compliance with Nasdaq Listing Rule 5450(a)(1) because the closing bid price per share for the Company’s common stock had closed below $1.00 for the previous 30 consecutive business days (the “Minimum Bid Price Requirement”). In response, the Company filed an application to transfer the listing of its common stock from the Nasdaq Global Select Market to the Nasdaq Capital Market. As a result of the Approval, the Company has been granted an additional 180-day compliance period, or until July 15, 2024, to regain compliance with the Minimum Bid Price Requirement. To regain compliance with the Minimum Bid Price Requirement and qualify for continued listing on the Nasdaq Capital Market, the minimum bid price per share of the Company’s common stock must be at least $1.00 for at least ten consecutive business days during the additional 180-day compliance period. If the Company fails to regain compliance during the additional compliance period, then Nasdaq will notify the Company of its determination to delist the Company’s common stock, at which point the Company would have an opportunity to appeal the delisting determination to a Nasdaq Hearings Panel.

https://capedge.com/filing/1850906/0000950170-24-045597/OMIC-DEF14A

...or they intend to enact a R/S...so my risk without any "manipulation" (to a pps over a buck) will be to hold a $5 or $10 reverse-split stock still trading at approx. 1/3 of cash...