If "Direct" listing was the conversation, not rele
Post# of 87105
(Total Views: 550)
Posted On: 03/04/2021 3:43:32 PM
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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