TriumphSpitSix wrote: Fairly certain Reddit is not an authoritative source of information regarding a penny stock company's approval status for uplisting to NASDAQ.... especially when the biased and clearly pumping authors don't also explain that it will take a 1:15 or 1:20 RS to meet the minimum share price listing requirements
in USD.
The first reddit post (
u/NickBHD) was specifically drafted to be misleading where it states:
"Nasdaq listing via reverse split, already applied and
APPROVED for it."
The "reverse split" has been approved yes, the "Nasdaq listing" HAS NOT. This sentence is drafted to intentionally mislead the reader into believing the NASDAQ listing has been approved while the author still has plausible deniability by claiming (if rightly accused of lying) that he meant ONLY the RS was approved. This is typical deceptive drafting easily missed and misinterpreted by the rhetorically unsophisticated, which covers probably 95% of enthusiastic weedco investors.
The second post (
u/joshdalf) is an outright lie. "They've been approved for NASDAQ listing..."
This idiot more than likely just used the first post as his "source" reference for the NASDAQ claim, due to his own mis-interpretation of the line above in the first post. This one is an outright lie, but the author can claim that he "read it on the internet so it has to be true, am-I-right?"
In mathematics, multiplying negative numbers together results in a positive product, but sorry, two published lies compounded don't make a truth.
Maybe they WILL receive NASDAQ approval but it hasn't happened yet and there is no legitimate, reliable source of information to the contrary. They just applied in December so it could still be weeks/months away, if approved at all.
Oh, and only AFTER a big fat 1:15 or 1:20 reverse split.
Hoffyj693 wrote: Now that's two poster and 1 web site that are saying it's been approved, let hope we see some new from the company about it. glta