Tj i am hoping Jaguar requests an appeal before the Nasdaq Hearings Panel of the Staff’s determination on or prior to February 22, 2024, pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series.
I am reading on other sites that this happens with other stocks that fall below 10 cents and NASDAQ has granted extensions.
So many NASDAQ stocks prices are destroyed by shorts and naked shorting. This has to stop before there are no stocks left on the NASDAQ.
There are about 5300 stocks on NASDAQ and NYSE, Last year 154 companies IPO’d
There are over 12,000 stocks on the OTC market
If something isn’t done to stop the shorting there will not be much left to NASDAQ and NYSE
A hearing request will stay the suspension of the Company’s securities and the filing of the Form 25-NSE pending the Panel’s final decision following the hearing and any extension period that may be granted by the Panel. The Company’s common stock will continue to trade on Nasdaq under the symbol “JAGX” pending the ultimate decision of any appeal process. To the extent that the Company requests a hearing before the Panel