(Total Views: 375)
Posted On: 07/23/2021 11:37:17 AM
Post# of 87094
Good discussing these things publicly for all to know jb... I believe having $4 per share closing price daily for a month is the way more companies opt to go to Nasdaq... but yes there are other ways by staying at $2 or $3, however there are other requirements a company needs to have to do it that way; ie: a certain revenue amount, etc.
It's interesting to see my main bank, Wells Fargo (WFPDP), is on the pink sheet at around $25 ... WF is a well known national bank and I think chooses to be on pink sheet for any number of reasons like much less fees and costs... as many a company does (remember, there are around 11K pink sheet securities... well, at least till the SEC/Finra kicks a few off near end of September-hopefully because they're likely ones that don't belong trading anyway).
And here's the link to LVg's post on the matter:
https://investorshangout.com/post/view?id=6080942
It's interesting to see my main bank, Wells Fargo (WFPDP), is on the pink sheet at around $25 ... WF is a well known national bank and I think chooses to be on pink sheet for any number of reasons like much less fees and costs... as many a company does (remember, there are around 11K pink sheet securities... well, at least till the SEC/Finra kicks a few off near end of September-hopefully because they're likely ones that don't belong trading anyway).
And here's the link to LVg's post on the matter:
https://investorshangout.com/post/view?id=6080942
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