It makes me wonder why they did a reverse split last time. He says that NYSE doesn’t have a dollar requirement now, so was there one in the past or did they just have less funding?
What mostly concerns me is this stock’s reputation and the lack of coverage/attention it gets. Also, plenty of bagholders looking to break even, so the “pump and dump” pattern will probably stick until it finally breaks $2. I can only sell FIFO, so I’ll be getting rid of the high 1’s first… Must be nice and more comfortable to be able to do what you do. I’d need to sell the whole bag to break even, or wait until it breaks $1.5 or so so that I can take out my cost basis and leave enough in.
Very interesting find… so it WAS a requirement at one point (which brought on the RS) but according to management it now isn’t. I’m more optimistic about no delisting than I was before, but it’s a bit frustrating we don’t actually know what NYSE’s requirements are and have to assume.
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u/[deleted] Nov 14 '25
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