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ASA Gold and Precious Metals Ltd C.ASA


Primary Symbol: ASA

ASA Gold and Precious Metals Limited is a non-diversified, closed-end investment company. The Company's investment objective is long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects or mining of precious metals and minerals. The Company invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, and/or in securities of investment companies, including exchange traded funds, or other securities. The Company’s investment adviser is Merk Investments LLC.


NYSE:ASA - Post by User

Post by PUNJABIon Nov 30, 2021 12:07pm
207 Views
Post# 34180589

Too much hype about Nasdaq listing

Too much hype about Nasdaq listingIt makes a lot of sense for large-cap profitable companies to list on Nasdaq. For most loss incurring small caps that have to do massive reverser split it does not make sense to list on Nasdaq. The listing cost adds an additional financial burden and the in a lot of cases the old pre-split shareholders get totally destroyed and the chances of recovery of their money is substantially reduced.
 
There is too much hype for Nasdaq listing and most managers are reckless and clueless with listing timing. Instead of protecting their loyal shareholders, they throw them under the bus.  The reverse split should be avoided at all costs because in most cases it does not work.  If the share price is in a dumpster then that company is not mature enough or the right time for it to list on the exchange. While the company will get more shareholders with a dual listing they will also attract bigger sharks that will destroy the share price by shorting the company when it underperforms. .
 
 Definitely bad timing for VLNS and poor management judgment.  The whole sector is collapsing and the share price after consolation has dropped below the first threshold requirement and still, there is one month of tax-loss selling left, which can cause further pressure on the stock.  There are still lower listing thresholds available for listing. They should have expected tax-loss selling for the whole sector and should have targeted the listing nest year or when their financials and share price had improved.
 
This company was not ready for listing and the management has horribly mismanaged the timing and destroyed its long-term shareholders. .

https://www.investopedia.com/ask/answers/nasdaq-listing-requirements/#listing-requirements-for-all-companies
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