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Posted On: 03/04/2021 3:43:32 PM
Post# of 86157
If "Direct" listing was the conversation, not relevant. Direct listing is only for private companies going public the first time. We only are concerned with "up" listing from the OTC.
I think we will qualify for the highest level on Nasdaq and the way I read it, we have to trade for one day on the OTC and close at $4 or more, then we can move up to Nasdaq. If we don't get the top level we have to close at the $4 for five days in a row on the OTC. If they give us an exception to the $4 for the first two levels, we have to close for five days in a row at either $2 or $3, depending on the level. BUT if we get the top level then only one day closing at $4 OTC. No exceptions.
IMO there is far too much information to digest after a 15 minute "halt" during market hours, so more than likely after hours, but may be Doc releases before opening.
I think we will qualify for the highest level on Nasdaq and the way I read it, we have to trade for one day on the OTC and close at $4 or more, then we can move up to Nasdaq. If we don't get the top level we have to close at the $4 for five days in a row on the OTC. If they give us an exception to the $4 for the first two levels, we have to close for five days in a row at either $2 or $3, depending on the level. BUT if we get the top level then only one day closing at $4 OTC. No exceptions.
IMO there is far too much information to digest after a 15 minute "halt" during market hours, so more than likely after hours, but may be Doc releases before opening.
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