Richtech Robotics Stock Forum

• Jensen 108 : is this going to get worse or any new investors coming in ? Look likes hang till dried

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• EZ_money OP Jensen 108 : i wish i could predict the future and tell you exactly what will happen

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• Jensen 108 EZ_money OP : no progress or news updates. Just dropping

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• Tonyco : 1 minute is really bad for drink making avg. Maybe their sample size is skewed to complex orders or something.

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• wwwarrior : eh, I'm waiting till more is known about the RS

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• thanant wwwarrior : if you are waiting for R/S then ratio should be 2 to 1 or 20 to 1

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• Ogimma5 OP wwwarrior : I get it but you can’t complain for price,  anything below 60 is nice

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• Ogimma5 : This is nice love when we in the 50 cent region buy buy buy and HODL!!!!!

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• Jensen 108 : if stock price not gone up. then reverse split require to meet criteria

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• Leo333 : Richtech Robotics received a notice from the Nasdaq Listing Qualifications Department regarding the closing price of its Class B common stocks. On October 25, 2024, Richtech Robotics Inc. (hereinafter referred to as the 'Company') received a notice from the Nasdaq Stock Market, LLC (hereinafter referred to as 'Nasdaq') Listing Qualifications Department, informing the Company that due to the closing price of the Company's Class B common stocks falling below $1.00 per share for 30 consecutive business days, the Company no longer meets the minimum bid price requirement for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). Nasdaq's notice does not directly impact the listing of the Company's Class B common stocks on the Nasdaq Capital Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted an initial compliance period of 180 calendar days, or until April 23, 2025, to regain compliance with the minimum bid requirement. To regain compliance, the closing price of the Company's Class B common stocks must reach or exceed $1.00 per share for at least 10 consecutive business days before April 23, 2025. If the Company fails to regain compliance by April 23, 2025, the Company may be eligible for an additional extension. To meet the requirements, the Company must satisfy the continued listing requirements for public market value of publicly held shares and all other initial listing standards of the Nasdaq Capital Market (excluding the minimum bid price requirement), and notify in writing its intent to cure the deficiency in the second compliance period. If the Company meets these requirements, Nasdaq staff will grant the Company an additional 180 calendar days to regain compliance with the minimum bid requirement. If Nasdaq staff determines that the Company cannot cure the deficiency, or the Company is not eligible for such additional compliance period, Nasdaq will issue a delisting notification, and the Company's Class B common stocks will be delisted. The Company has the right to appeal the delisting decision, and the Class B common stocks will continue to be listed on the Nasdaq Capital Market until the appeal process is completed.

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• thanant : special meeting announces any time , 2 to 1 or 20 to 1 R/S ratio .

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• ken_elt : They have 180 days to comply to ensure price is above 1 dollar. So, let's all push up the price so that no need reverse split.

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• 105751862 : It's not over yet.

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• Andy-Lai :

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• Scoreville : The sale could have been for many possible reasons.  
  Looks like that happened on 8/8/24 and it indicates they were sold on the open market.  That’s 2 days after the plunge from 1.38 to .30.
  I thought these sec form 4’s were supposed to be filed a max of 2 days after the transaction??

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• Lucas 0927 OP : Yeahhh you are right bro.  I double check the date which is true
  No wonder that day dumped so much

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• Scoreville Scoreville : Actually after rereading it again 8/8/24 is indicated as the date of the earliest transaction.  It doesn’t mean all 2.2m shares were sold at once.  The form also indicates the beneficial shareholder retained 1.7m shares, so that to me means it wasn’t someone jumping ship, they were reducing their stake, and again this could be for numerous reasons, even personal financial issues.

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• Lucas 0927 OP Scoreville : Appreciate RR group have you

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• Scoreville Lucas 0927 OP : From what I’ve been able to undercover on 8/6/24 that plunge was a short attack.  The volume that day was an unusual 52m.
  Looking at published historical short activity fo RR you can see in the screen shot below that short activity really amplified at the end of July 2024.
  Selling 2.2m shares after the 8/6/24 short attack only played into the hands of the shorts.
  Share prices have struggled since then
  And you can see that current short activity is double what it was since the end of July.
  When people tell you “stop blaming the shorts”  or are spreading misinformation about how a company sucks or is bleeding money, know that you can always look at published data yourself and  start to wonder why someone would say those things…..they’re probably the ones doing the shorting…
  

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