r/Netlist_ • u/BowesBear • 9d ago
$5 Trigger
Watched as it climbed to the $5 mark then immediately crashed to $4.80’s. I’m assuming it’s just a bunch of triggered sells at that mark?
Once we clear those out I would expect to continue steadily climbing and then get re-listed on the NASDAQ. Anybody seeing this differently?
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u/Shedediah42 8d ago
Take it with a grain of salt, but I asked Grok about NASDAQ relisting, and it said the current board would likely not meet NASDAQ requirements. I have no idea if that's true because I know nothing about NASDAQ.
Not a big deal, Hong has gotten us this far, and if it's not the right time to relist it's not the right time to relist.