Replies to post #14422 on Humanigen Inc (HGENQ)

[roygbiv]

jb128,
Cowtown Jay is spot on with his post below! All the other noise is fluff and does not follow the nasdaq guidlines.... it's just alot of what ifs.... imo


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157592058

[cowtown jay]

I didn't see any language in terms of how many days in a row that companies need to maintain a minimum closing price of $3.00.

See page 10 of The NASDAQ Listing Standards.

https://listingcenter.nasdaq.com/assets/initialguide.pdf

Keep in mind that what I have said about this is my opinion of what I have read. There's a smart guy on Twitter that thinks we qualify for the "Market Value of Listed Securities" standard, with a minimum closing price of $2.00. I don't agree with that. That Standard requires "* Currently traded companies qualifying solely under the Market Value Standard must meet the $50 million Market Value of Listed Securities and the applicable bid price requirement for 90 consecutive trading days before applying." The bid price requirement is $4.00. We have not traded higher than $4.00 over the last 90 days.

[Engineering_Simple]

haha we don't know! And it's a split decision.

- I think $4 closing bid price requirement (Equity Standard)
- Mr. Jay believes $3 closing bid price requirement (Equity Standard with closing price alternative)

Our differences originate from:
1) A lack of knowledge on what information NASDAQ is considering in their review for uplisting.
2) A lack of knowledge on what standard HGEN has submitted their NASDAQ application under.

Further, neither of us can narrow in on timing because we don't know for certain whether the closing price refers to:

A) The day the NASDAQ analysts conducts the review
or
B) The day before HGEN is scheduled to be listed on the NASDAQ

Page 10: https://listingcenter.nasdaq.com/assets/initialguide.pdf
(Though keep in mind there are a multitude of other factors listed throughout the document that we, again, don't really know about)


I'm very content with my investment in HGEN, so i'm not worried enough to commit time into researching this stuff further... If someone is still puckered up about our uplisting i'll yield the research to them... I feel confident about uplisting soon so I'm committing my energy to other things over the next few days- No use spending hours and hours scouring the internet for something that ultimately won't sway my decision.

In the meantime, I'm putting the dumb in "dumb money" by sitting back in my chair... fat, dumb, and happy.