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Posted On: 10/08/2024 10:48:53 PM
Post# of 32688
You can get extreme high volume 139M shares [Check]
You can get wild price swings: Open 0.041 High 0.08 [Check]
When the CUSIP changes, your existing shares can be untradable for a period of time (or at least that used to be the case). This can cause any buying to move the sp upwards quickly as the only shares that can be sold are the ones just bought the same day.
Now what would be fun is if VERB took advantage of that and released news. I would guess they got to the point where they decided not to waste good news pre-RS since the last few PRs didn't move the needle with the RS overhang.
Also what the market may have been reacting to today for the tiny percent that reads filings is it looks like Nasdaq Hearing Panel will grant the company compliance after the RS. That was an unknown that appears to be put to rest. We'll see if institutions that don't touch penny stocks will now buy in.
https://www.sec.gov/ix?doc=/Archives/edgar/da...orm8-k.htm
You can get wild price swings: Open 0.041 High 0.08 [Check]
When the CUSIP changes, your existing shares can be untradable for a period of time (or at least that used to be the case). This can cause any buying to move the sp upwards quickly as the only shares that can be sold are the ones just bought the same day.
Now what would be fun is if VERB took advantage of that and released news. I would guess they got to the point where they decided not to waste good news pre-RS since the last few PRs didn't move the needle with the RS overhang.
Also what the market may have been reacting to today for the tiny percent that reads filings is it looks like Nasdaq Hearing Panel will grant the company compliance after the RS. That was an unknown that appears to be put to rest. We'll see if institutions that don't touch penny stocks will now buy in.
Quote:
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
As previously disclosed in the current report on Form 8-K filed by Verb Technology Company, Inc. (the “Company”), on September 4, 2024, and amended on September 6, 2024, on August 28, 2024, the Company received a notice from the Nasdaq Stock Market that, based upon its review of the written record, The Nasdaq Hearing Panel (the “Panel”) had granted the Company a temporary exception until October 21, 2024 to, effect a reverse stock split of its common stock and thereafter regain compliance with Nasdaq Listing Rule 5550(a)(2)[/b ]. On October 2, 2024, the Panel amended the exception granted by the Company to provide that the Company has until October 22, 2024, to effect a reverse stock split to regain compliance with Nasdaq Listing Rule 5550(a)(2).
https://www.sec.gov/ix?doc=/Archives/edgar/da...orm8-k.htm
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