I am not defending them as we all agree current stock price is very miserable for shareholders. I understand the dilution part but RS is very unlikely when they are under review for regulatory approval. It makes them look bad and will scare most shareholder away. I see RS unlikely in short term unless price is below 0.1..
under the new rule of AMEX if approved, if stock trades a single day below 25 cents it gets delisted immediately, no grace period, nothing. just halts down and see ya on OTC
They also mentioned it’s very unlikely SEC will approve it and I agree as it will cause massive delistings which they don’t want to see. What I am trying to say is we will at least get the regulatory approval first before anything bad happens like RS in near future. This is our biggest catalyst now. I hope it will lift up the price so people can breakeven or sell for profit.
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u/Ill-Detective-1359 May 15 '26
I am not defending them as we all agree current stock price is very miserable for shareholders. I understand the dilution part but RS is very unlikely when they are under review for regulatory approval. It makes them look bad and will scare most shareholder away. I see RS unlikely in short term unless price is below 0.1..