RE:RE:RE:SO AURORA DOING THE REVERSE-SPLIT.....SSA? - HEXO DANCE...End of June, so July 1 The U.S. Securities and Exchange Commission initially rejected a proposal to waive certain ongoing listing requirements until the end of June that the NYSE, owned by Intercontinental Exchange Inc ICE.N, had filed on Friday as immediately effective, Farrell Kramer, a spokesman for the exchange said.
"We are committed to advocating on behalf of our issuers during these challenging economic times and continue speak with the SEC staff about this and other proposed rule changes," Kramer said.
Link to Article: https://www.nasdaq.com/articles/nyse-in-talks-with-sec-to-ease-listing-rules-during-coronavirus-volatility-2020-04-06 (Release No. 34-88717; File No. SR-NYSE-2020-36) https://www.sec.gov/rules/sro/nyse/2020/34-88717.pdf Q
INVINCE wrote: Specifics. Do you know what exact day in JULY 2020 ? quinlash wrote: NYSE stock exchange giving a break to companies trading under a dollar due to the virus. That remains in place until July. HEXO can be expected to release drinks (and likely edibles) here soon. That will lift the SP.
In June HEXO reports their QTR results which overlap the virus buying peak period nicely therefore I expect a nice (drastically understated BTW) surprise on next QTR report.
I doubt very much the NYSE will be an issue come July.
Time will tell
Q
INVINCE wrote: So Hexo still trading under a dollar. This under dollar SP amount of HEXO Corporation adviously is lacking an insufficient amount according to NYSE Rules. How long before NYSE pulls the plug on HEXO Corporation? This stock price has to make a movement of increase can't just sit there under a dollar right. Law of gravity
BUT flip of the coin is HEXO Corporation doing what is call a SSA
< Sebastien Sneak Attack >
Impletmenting an upcoming so so type of NR making the SP reach $1.ish (or more?) amount then when the next quarterly results comes out with POSITIVE RESULTS. HEXO Corporation SP does the HEXO DANCE share price bounces dramatically. Also hovering in the air set to be released another NR yes TRUSS BEVERAGES ANNOUNCEMENT but this one really makes the stock price kick in.
We might look back at this day and remember we were sitting under 0.79 cents on April 29 2020 and exhaled out a new HEXO BREATH OF FRESH AIR of how much the SP increased dramatically by June 15 2020