that is exactly why I think $5+ will be our opening price We are a “penny stock” company, as our stock price is less than $5.00 per share. just so institutional players can load up early, need that $5 PPS SOLI
You also need to understand that once Up Listed. SOLI should immediately get the Penny Exempt Status. The Penny Exempt Status allows all Markets without restriction to buy SOLI at any price.
This security is exempt from the definition of a Penny Stock under SEC under Rule 240.3a51-1 because it meets one of the following tests: 1) A price of over $5 per share, 2) the issuer has Average Revenue of at least $6 million for the last 3 years, or 3) the issuer has Net Tangible Assets in excess of $2 million if the issuer has been in continuous operations for at least 3 years or $5 million if less than 3 years. Penny Stock Exempt