I don’t think that NASDAQ cares how much stock any one particular person owns and I really don’t think that they can FORCE anyone to sell shares at any time. If I am correct, then there has to be some other reason(s) that NASDAQ has not approved them for uplisting thus far. Since NASDAQ has not outright rejected PRED, I can only assume that they are conducting some type of investigation. If so, time will ultimately reveal the reason(s). My guess would be the allegations contained in the Hindenburg report. As you know, there were some pretty egregious allegations in the report and I guess NASDAQ feels that they have an obligation to the public to protect them so they postponed granting approval (or denial) until they could conduct an expanded investigation.
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