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Posted On: 08/22/2020 3:03:06 AM
Post# of 155048
Re: enemyofpluto #51285
Nasdaq rules don't prohibit uplist if a bid price is above $2
Enemy, your theory only works if uplisting is forbidden for companies with closing bid price below $3. That isn't the case.
See Nasdaq Initial Listing guide. Search for $2.
https://listingcenter.nasdaq.com/assets/initialguide.pdf
In terms of closing price, Market Value, and everything else I can see, CYDY qualifies for NASDAQ listing. The process takes time, but (not to sound like NP at his worst) it should happen in the next week. Like some other good things!
Enemy, your theory only works if uplisting is forbidden for companies with closing bid price below $3. That isn't the case.
See Nasdaq Initial Listing guide. Search for $2.
https://listingcenter.nasdaq.com/assets/initialguide.pdf
In terms of closing price, Market Value, and everything else I can see, CYDY qualifies for NASDAQ listing. The process takes time, but (not to sound like NP at his worst) it should happen in the next week. Like some other good things!
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