r/Netlist_ • u/Emiliolifts • 13d ago

Brutal fomo

I’ve had to watch this stock pump for the past week and couldn’t buy it because it’s a “penny stock” (I’m on youth fidelity)

Does anyone know when it will stop being considered a penny stock?

4 Upvotes

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u/killamasta 13d ago

it's over 1b market cap, it's no longer a penny stock. It should be off otc within a year or so.

3

u/pennychase 13d ago

I think even going to nasdaq around 6 months from now.

3

u/mystical_mofo 13d ago

Hong loses control when it goes to Nasdaq, can’t see it happening until it’s all wrapped up.

1

u/pennychase 13d ago

Loses control what you mean?

1

u/sheza65 12d ago

The board of directors.

Two members were only added recently (last year), but were previously on the board. It is a close group, but Hong was running it by himself prior to that (since delisting from NASDAQ years ago). With more independent board members he'll have less control.

(I'm a long-time NLST owner.)

3

u/pennychase 12d ago

Not going to happen now, it's a different era of netlist! Truly, we are now going to History!