Replies to post #718496 on ORIONS Money Stocks

[CrazyC]

CDT - The O/S after the R/S is 4,722,450 shares...

https://finance.yahoo.com/markets/stocks/articles/cdt-equity-inc-announces-reverse-120000953.html

The Company’s common stock will continue to trade on Nasdaq under the symbol “CDT” following the reverse stock split, with a new CUSIP number of 20678X502. After the effectiveness of the reverse stock split, the number of outstanding shares of common stock will be reduced to approximately 4,722,450...

I have posted this information before and it comes straight from the Nasdaq... This is the reason why AREB has been halted for the past week... The R/S that they wanted to implement would have put both their O/S and float below 500,000 shares...

The NASDAQ would not approve a R/S where the public float would be lower than 500,000 shares for the NasdaqCM tier... That would be in violation of rule 5550, for the continued listing standards...

https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/Nasdaq%205500%20Series

5550. Continued Listing of Primary Equity Securities

A Company that has its Primary Equity Security listed on the Capital Market must continue to meet all of the requirements set forth in Rule 5550(a) and at least one of the Standards set forth in Rule 5550(b). Failure to meet any of the continued listing requirements will be processed in accordance with the provisions set forth in the Rule 5800 Series.

(a) Continued Listing Requirements for Primary Equity Securities:

(1) At least two registered and active Market Makers, one of which may be a Market Maker entering a stabilizing bid;
(2) Minimum bid price of at least $1 per share;
(3) At least 300 Public Holders;
(4) At least 500,000 Publicly Held Shares; and
(5) Market Value of Publicly Held Shares of at least $1 million.

(b) Continued Listing Standards for Primary Equity Securities:

(1) Equity Standard: Stockholders' equity of at least $2.5 million;
(2) Market Value of Listed Securities Standard: Market Value of Listed Securities of at least $35 million; or
(3) Net Income Standard: Net income from continuing operations of $500,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years.

[georgie18]

Incorrect...you have to read before you post...🥳...where did you see $27?

The Company’s common stock will continue to trade on Nasdaq under the symbol “CDT” following the reverse stock split, with a new CUSIP number of 20678X502. After the effectiveness of the reverse stock split, the number of outstanding shares of common stock will be reduced to approximately 4,722,450. No fractional shares will be issued in connection with the reverse stock split, and stockholders who would otherwise be entitled to a fractional share will receive a proportional cash payment.