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KnicksStockChamp

05/05/24 2:52 PM

#46511 RE: SF971 #46509

NASDAQ uplisting requires a waiting period of 30+ days after a R/S that would require a larger R/S to stay above the $4 min share price.

The alternative is ReachOut does another raise at time of the R/S and uplisting to avoid the waiting period in order to actually uplist at the $4 share price.

Any sale after uplist in that type of volume you outlined would drove the share price down significantly. If they did go this way, i doubt they'd sell and burn themselves.