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Posted On: 01/13/2023 12:09:36 PM
Post# of 32688
The other day I got to thinking about how a lot of public companies recently seem to be struggling to maintain a listing's compliance due to the current economy. How many are currently reported as deficient according to NASDAQ? Looks like well over 450 companies . I'll come back to that number in a minute.
https://listingcenter.nasdaq.com/noncompliant...ylist.aspx
This seems like a lot to me, and this list is for only one of the exchanges (NASDAQ). As of October 2022, there were 3,765 NASDAQ listed companies.
https://www.statista.com/statistics/265285/nu...-americas/
That means about 12% of NASDAQ listed companies are currently deficient. That's huge!
There have been exceptions in the past where NASDAQ waived their listing requirements, typically during times of economic stress.
https://www.investopedia.com/investing/the-di...ed-stocks/
Seems the economy is currently stressed to me. That's partly due to rate hikes that the government has implemented. NASDAQ has been stressed to the tune of a 32.5% decline last year. Doesn't look like any relief anytime soon either.
https://www.nasdaq.com/articles/2022-review-and-outlook
"However, while the rules are generally considered to be written in stone, they can be overlooked for a short period of time if the exchange deems it necessary. For example, on Sept. 27, 2001, Nasdaq announced that it was implementing a three-month moratorium on price and market value listing requirements as a result of the market turbulence created by the Sept. 11, 2001, terrorist attacks in New York City.
For many of the stocks trading under $1, the freeze expired on Jan. 2, 2002, and some companies found themselves promptly delisted from the exchange. The same measures were taken in late 2008 in the midst of the global financial crisis, as hundreds of Nasdaq-listed companies plunged below the $1 threshold ."
Hundreds? Do they mean something like 400 or so?
Don't let the "panic crew" on other sites scare you into making the wrong trading decisions. That's how they make their money. IMO, I don't think it will be too much longer before VERB's SP meets the NASDAQ listing requirements, but one should do their own DD and possibly consult a registered, licensed financial advisor if you feel uncomfortable about investing in a potential high risk/high reward stock. Be sure to avoid all disbarred, wanna be, or unethical brokers.
https://listingcenter.nasdaq.com/noncompliant...ylist.aspx
This seems like a lot to me, and this list is for only one of the exchanges (NASDAQ). As of October 2022, there were 3,765 NASDAQ listed companies.
https://www.statista.com/statistics/265285/nu...-americas/
That means about 12% of NASDAQ listed companies are currently deficient. That's huge!
There have been exceptions in the past where NASDAQ waived their listing requirements, typically during times of economic stress.
https://www.investopedia.com/investing/the-di...ed-stocks/
Seems the economy is currently stressed to me. That's partly due to rate hikes that the government has implemented. NASDAQ has been stressed to the tune of a 32.5% decline last year. Doesn't look like any relief anytime soon either.
https://www.nasdaq.com/articles/2022-review-and-outlook
"However, while the rules are generally considered to be written in stone, they can be overlooked for a short period of time if the exchange deems it necessary. For example, on Sept. 27, 2001, Nasdaq announced that it was implementing a three-month moratorium on price and market value listing requirements as a result of the market turbulence created by the Sept. 11, 2001, terrorist attacks in New York City.
For many of the stocks trading under $1, the freeze expired on Jan. 2, 2002, and some companies found themselves promptly delisted from the exchange. The same measures were taken in late 2008 in the midst of the global financial crisis, as hundreds of Nasdaq-listed companies plunged below the $1 threshold ."
Hundreds? Do they mean something like 400 or so?
Don't let the "panic crew" on other sites scare you into making the wrong trading decisions. That's how they make their money. IMO, I don't think it will be too much longer before VERB's SP meets the NASDAQ listing requirements, but one should do their own DD and possibly consult a registered, licensed financial advisor if you feel uncomfortable about investing in a potential high risk/high reward stock. Be sure to avoid all disbarred, wanna be, or unethical brokers.
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