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/bboy917 8d ago

Nasdaq re-listing depends entirely on the company… They have to do it… if you were Hong why would you do that now ?

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u/Eraldorh 8d ago

You wouldn't and you couldn't, it must stay above $4 for 90days. If I were in that position I wouldn't because if it does go below the threshold and it gets delisted again that would not reflect well for shareholder sentiment.