RE:RE:RE:Why the delay in up-listing......?Madhunky writes “
Companies are making noises that they want to get people back into their offices rather than having virtual meetings”.
Firstly, I don’t see Nextech as a Covid play company, and also in any case I don’t think the need for virtual meetings / conferences (held locally or overseas) or the use of AR in online education will end with Covid. See link below:
https://www.cnbc.com/2021/03/11/one-year-into-covid-working-from-home-is-here-to-stay.html You will recall online education was previously called distance education and before that correspondence programs (hard copy lecture notes sent via the postman). Times have changed and will keep on changing.
Secondly, I think the use and demand for AR will only further develop as per the link below:
https://www.reydar.com/augmented-reality-trends-2021/ Coming back to the point about choosing the appropriate time to up-list to Nasdaq, consider this: the reason Nextech wanted to get on a senior exchange was to attract institutional investors. Well, Nextech is now on the senior Neo Exchange, but has there been any increase in institutional investing? No.
Evan has recently talked about Cathy Wood’s Ark ETF. Clearly, he hopes Ark ETF invests in his company. Now Ark ETFs are also listed on the Neo exchange, but they have not invested in Nextech. On the other hand, Ark ETFs had invested in Pyrogenesis months
before they were up-listed to Nasdaq.
So being on the Neo exchange ( or not being on Nasdaq) is not the problem. Do you think that in January, if Nextech got up-listed to Nasdaq instead of Neo, Ark ETF would have invested in Nextech? Not likely. I do not know what metrics or criteria Institutions use to choose which companies to invest, but Nextech is not there yet and still has some work to do. But they will get there – I just don’t know when.
Lastly, regarding the comment “
he is just as anxious and frustrated as anyone about the unusually long time it is taking to get up-listed “ well, as I have suggested previously, if he is anxious & frustrated and wants to up-list asap, he can easily and speedily up-list by merging with a SPAC company. From what I’ve read, many (perhaps too many) SPAC companies have recently got up-listed to NYSE and Nasdaq, and these companies have to merge with a target company within 18 to 24 months or get de-listed.
Well, he has not done it, and I believe he is not in a rush to do it.
The point is, if Nextech is up-listed tomorrow, will institutional investors rush to invest in Nextech, thus creating more buying volume and pushing up the share price or will the opposite happen (as what happened to PYR)?