This should help concerning the "timing", "halting
Post# of 85484
(Total Views: 830)
Posted On: 01/06/2021 11:43:50 PM
This should help concerning the "timing", "halting" questions.
A couple days ago I called the Nasdaq phone number right off their website. It happened to be a direct line and the gentleman who answered told me that the Nasdaq STRONGLY suggests that OTC companies uplisting continue to trade on the OTC for three days before the actual uplist. "This gives the world the time to prepare for the Nasdaq uplist." This is very understandable and I would think that Doc would follow their advice. IMO, that would be good for the stock as it would help clear out the weak hands before we uplist. And if you think that there won't be selling day one, think again, every one will have huge gains overnight and it would be best to give them a chance to sell what they want to, before the uplist. The market is supply and demand, with less supply on opening Nasdaq day and the huge demand we expect, well you get the picture. The company stock does have to close the day before uplist at the minimum price of the level it is uplisting to, $2, $3 or $4. With our expected news that should be easy.
Getting close, it's going to be fun!
A couple days ago I called the Nasdaq phone number right off their website. It happened to be a direct line and the gentleman who answered told me that the Nasdaq STRONGLY suggests that OTC companies uplisting continue to trade on the OTC for three days before the actual uplist. "This gives the world the time to prepare for the Nasdaq uplist." This is very understandable and I would think that Doc would follow their advice. IMO, that would be good for the stock as it would help clear out the weak hands before we uplist. And if you think that there won't be selling day one, think again, every one will have huge gains overnight and it would be best to give them a chance to sell what they want to, before the uplist. The market is supply and demand, with less supply on opening Nasdaq day and the huge demand we expect, well you get the picture. The company stock does have to close the day before uplist at the minimum price of the level it is uplisting to, $2, $3 or $4. With our expected news that should be easy.
Getting close, it's going to be fun!
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