If the stock price stays above $5, small and large investors will jump in and buy more shares (with borrowed money). The stock price will skyrocket.
Penny stocks, which are stocks that generally trade per share for under $5 are not allowed to be purchased on margin at a particular brokerage or financial institution. They must be fully funded by the investor's cash.
Many firms instruct portfolio managers to avoid low-priced stocks because the SEC applies special rules to stocks under $5.
Sadly, I don't foresee anything that gets us to $10. Even if 45v and the DOE loan comes through soon in our favor it would be tough to hit $10 and hold it. Plug will have to show it can make a profit and I'm sorry at this point I just do not have faith they can as they have not proven they can as of now. This would take a disciplined management that had their act together. We need consecutive quarters of improving margins and decreasing losses. We need proof and soon. No more empty promises.
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