Did you know?
$Bit Brother (BETS.US)$ At the beginning of 2021 there were only 11 companies that were under the 1.00 bid price. As of December 8, 2023 there were 557. Plus dont forget there have been about 528 reverse splits since 2022.
And that on September 1, 2020 the SEC approved a Nasdaq rule change to expedite delisting (1) for securities with a closing bid price at or below $0.10 for ten consecutive trading days during any bid price compliance period and (2) for securities that have had one or more reverse stock splits with a cumulative ratio of one for 250 or more shares over the prior two-year period.
It is almost like they knew what was ahead.
For a comparison, in 2015 and 2016 there were a combined 73 notices for delisting sent out(most were in the pharmaceutical industry). In 2022 and 2023 there have been almost 5000 notices sent out on delisting.
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jorncena96 : what are your thoughts on this ticker？ does it have potential ????
Mcsnacks H Tupack OP jorncena96 : They won't release when they will decide if they get delisted. But they will be doing a reverse split of 1-250. And January 17 will be 60 days since they appealed the decision. So it's probably going to blindside the investors.
jorncena96 Mcsnacks H Tupack OP : damn. thanks for the info
73057677 Mcsnacks H Tupack OP : Thanks
Mcsnacks H Tupack OP 73057677 : You are welcome.
73057677 : Do you think dump it or pump it before R S ? 1 -250 not good
Mcsnacks H Tupack OP 73057677 : I think it dumps down to a new low.
sndl bag 73057677 : idiot is acting like there's a fortune teller in the market
Salmon Klein Mcsnacks H Tupack OP : wuau...I got in here...but was hoping to get to 0.1 by 9th January. do you think that bitcoin ETF is not getting approved or not impact at all in bitcoin? so therefore this stock will get devaluatdd hevaily? i think 1:250 is not good enough for this one, should be even higher...so selling when green will be wise isn't?
Mcsnacks H Tupack OP Salmon Klein : Yea I would sell when green. If the bitcoin ETF is approved it will still cause a pullback because the approval is already priced into the shares.
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