$Tonix Pharmaceuticals (TNXP.US)$ An interestingly bullish TNXP take NASDAQ proposed the above rule where companies do not get a 180-360 day compliance period to maintain >$1 share price if company preformed a reverse split within the prior year. If company preforms an RS and has already done an RS in the prior year, they will not get any grace period and immediately be delisted once price falls <$1 after RS. This rule is set to be approved on 11/21 (2 days from today). As of now, TNXP has until...
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ken_elt
:
By right, the stock exchange should not allow short selling when price is below $1. Otherwise, price is being controlled even the company has good news. If RS is not allowed, due to a prior year RS was done, then this is not a good idea as the company will be open to attack by any party.
MrSuperStonk
:
i dont know... there is some products beeing released next year so this will go up but do t expect much. There is also a rs coming. This is strong but its still a fisher price version of tvgn. after rs i expect a stable 8 to 12 thats it. tvgn will go over 30
ken_elt : By right, the stock exchange should not allow short selling when price is below $1. Otherwise, price is being controlled even the company has good news. If RS is not allowed, due to a prior year RS was done, then this is not a good idea as the company will be open to attack by any party.