Post by
ecabrera333 on May 02, 2024 10:11pm
Compliance with NYSE after stock manipulation!
Milton C. Ault (also known as Milton Todd Ault III) expressed excitement on May 2, 2024, as Ault Alliance regained compliance with NYSE American Continued Listing Standards. The company met the NYSE’s requirement after performing a reverse-split at the beginning of the year.
However, he will get another NYSE non-compliance letter soon. As seen after the last reverse-split, the stock dropped from USD 1.26 to USD 0.33 due to dilution from 4.86M to 30M shares. In addition, he is planning to execute another reverse-split and another stock dilution in the next 12 months.
His closing statement, "We have and will continue to work on driving stockholder value and right sizing the Company’s long-term public valuation," suggests a lack of respect for investors' intelligence.
By the way, have you noticed that he is the one making remarks in almost all company newsletters? It looks like Ault Alliance's CEO (William B. Horne) is not the one calling the shots.