OTCPK:MEDVF - Post by User
Post by
deepoil0808on Nov 01, 2021 4:43pm
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Post# 34074802
MEDV to list on NASDAQ minimum price $ 4/share
MEDV to list on NASDAQ minimum price $ 4/share In its annual report MEDV stated that they are contemplating doing a consolidation of shares FOR EXCHANGE LISTING REQUIREMENTS.
The Canadian stock exchanges do not have a listing price per share.
HOWEVER, the Nasdaq requires that the price per share be: $ 4.00 per share.
MEDV will have surging revenue and ASSETS.
The consolidation will ensure that we have a trading price higher than $ 4 per share. This means that at the very minimum we will have to have a rally to the 26 cents per share market, which consoldiate 15 to 1 gives $ 4 per share.
But it must be higher, so I would venture that it could go as high at 50 cents in the short term or higher, which gives it an $ 8 per share stock price for the NASDAQ.
And Naked shorts have to cover as they do not want to be exposed to the authorities especially the SEC for NASDAQ.