(Total Views: 115)
Posted On: 03/31/2017 1:40:23 PM
Post# of 15624
I'm not suggesting this cannot happen, but recognize that a company doesn't get bounced out of the Nasdaq on dropping below $1, they get a 6 month period to regain $1, and generally can add a 6 month's extension to that just by asking. Most companies prefer doing a reverse split to return to Nasdaq compliance.
Frankly I believe that Market Cap ought to be the criteria for Nasdaq, or other exchange listings, not stock price. To me it makes little sense that a company with a market cap of $25 million can reside on the Nasdaq without a problem because they have fewer than 25 million shares outstanding, while a company with a half billion market cap cannot up-list to the Nasdaq because they have 150 million shares outstanding and don't yet meet the $4 requirement to list on the Nasdaq.
I believe that OWCP will get on the Nasdaq the old fashioned way, they'll wait for a share price above $4 for a sufficient time and they'll apply. This would mean that their market cap was well over half a billion. I believe this could happen by the third quarter of the year, once product sales are actually occurring.
Gary
Frankly I believe that Market Cap ought to be the criteria for Nasdaq, or other exchange listings, not stock price. To me it makes little sense that a company with a market cap of $25 million can reside on the Nasdaq without a problem because they have fewer than 25 million shares outstanding, while a company with a half billion market cap cannot up-list to the Nasdaq because they have 150 million shares outstanding and don't yet meet the $4 requirement to list on the Nasdaq.
I believe that OWCP will get on the Nasdaq the old fashioned way, they'll wait for a share price above $4 for a sufficient time and they'll apply. This would mean that their market cap was well over half a billion. I believe this could happen by the third quarter of the year, once product sales are actually occurring.
Gary
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