I think institutions and computer trading don't really care
I think institutions and computer trading don't really care about the extension letters. Only retail & day traders.
If the company didn't get an extension, which is unlikely (and institutions know this), then the company would do a RS I assume. Institutions didn't invest because $0.20 was a 'good deal' or felt right. They did because they like the risk / reward ratio, business model, tech, partnerships, moat and the potential. That doesn't change with an extension letter nor a RS.
I think what is more important for institutions is...does the company have enough funding and now they do. I assume this is important for the NASDAQ and maybe one of the reasons they raised so much recently. Do they meet the other NASDAQ listing requirements (which I assume they do)? Did they lower debt? Are they growing? What is their burn rate? Is their revenue model clear and solid?
I think back on Facebook, Discord and other companies that didn't even have a clue on how they would make money. VERB does.
As far as a RS, would it be better for VERB to get the sp up to $20? Would more institutions buy in? From my perspective, whoever wants to short, has no problem doing it at $0.20 as they do at $20. Maybe easier to short and trade at the lower price as a penny or two, is a 5-10% movement. Do $20 stocks see the float churned through as much as a VERB at $0.20. idk Would be fun to see some company RS the sp up to $200 or $2000 and see if the games diminish. Most of the time the sp is too low and the games continue
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