Replies to post #39080 on Golden Matrix Group Inc (GMGI)

[nbketz4]

IT IS NOT THE SHARE PRICE THAT GETS DIVIDED-IT IS THE NUMBER OF SHARES THAT GETS DIVIDED-THIS IS WHAT HAPPENS:


2.8B SHARES DIVIDED BY 150-APPROX 19M OS AFTER THE R/S


WHICH RESULTS IN A SHARE PRICE OF AROUND $1.50 IF THE SHARE PRICE REMAINS THE SAME UNTIL THE R/S (WHICH IT WON'T)


HOPE THAT MAKES IT CLEAR-IF NOT, TRY A MATH CLASS!!!!!!!!!!!!!!!!!!


DO YOU REALLY THINK THE SHARE PRICE WILL BE .01/SHARE WITH ONLY 19M O/S-HELLO, THAT'S A TINY MARKET CAP-LESS THAN THEIR CASH ON HAND!!!!!!!!!!!

Last post of the day, looking good GMGI shareholders $$$

[roger wilco]

NASDAQ Listing Requirements

The NASDAQ is the second-largest stock exchange by market cap in the world. As an American exchange, it has listed over 3,100 companies with average daily share trading volume at over two billion. NASDAQ has handled more IPOs than any other exchange. Since 2000, NASDAQ boasts over 1,000 Initial Public Offerings. What follows is a brief description of what NASDAQ is and what it takes to be listed on that exchange.

What does NASDAQ stand for? It’s an acronym for National Association of Securities Dealers Automated Quotations.

What are the rules to be listed on NASDAQ? To be listed on the NASDAQ exchange and reporting system, the following requirements:

Shareholders Equity of at least $2,000,000
At least 100,000 shares of public float
A minimum of 300+ shareholders
Total assets of $4,000,000
At least two market makers
$3 minimum bid price of the company stock
Public float market value of $1,000,000

Want to learn more?: https://investmentbank.com/nasdaq-listing-requirements/

The NASDAQ guide book: https://listingcenter.nasdaq.com/assets/initialguide.pdf

[GeorgeTheStub]

Here's an equation for you - I have 100 fish that weigh 1 pound each, and I have a 100-1 reverse-fish split ---now I have one fish that weighs 100 pounds...same weight, but only one fish instead of 100. You can apply the same equation to a reverse split of stock, just think of the shares as...fish... :)