How many times are people going to fall for the FFIE FOMO trap?

TranceHead : there's always a run before the new ATL and inevitable reverse stock split

Simon 5183 TranceHead : The Securities and Exchange Commission has revised the rules, and there is no longer an opportunity for reverse splits. If it falls below one yuan again, it will be delisted!

TranceHead Simon 5183 : only if the reverse split creates a non-compliance.

"Under the new rule, a company will not be considered to have regained compliance with the Bid Price Requirement if the company takes a corporate action, such as a reverse stock split, to achieve compliance with the Bid Price Requirement and that action results in noncompliance with another Nasdaq listing requirement."

Simon 5183 TranceHead : These are new regulations on reverse splits. The delisting regulations for stocks priced below 1 yuan have long existed. Reverse splits exploit this loophole, but now this loophole has been covered by new regulations. Whether it will be implemented depends on whether the corrupt Securities and Exchange Commission will enforce it!

TranceHead Simon 5183 : i doubt they will, look at MULN reverse split ratio, it's crazy. it looks like it's harder, but still possible to stay listed with reverse split as long as you make sure everything else remains complaint. there's always loopholes, no doubt it won't take long before these guys find it.