Post by
Bigshortie on Oct 31, 2022 3:20pm
re: Share consolidation
Being done for Nasdaq uplisting if anyone is wondering. I believe shares must be greater than $5.
Comment by
goldboyz2 on Oct 31, 2022 11:23pm
1/60 ouch!! Merry christmas GB
Comment by
winr88 on Nov 09, 2022 8:08am
I heard Permex intended to list on the NYSE. To qualify for listing on the NYSE, a company must have at least 400 shareholders, with at least 1.1 million shares available to the public and a market value of the public shares of at least $40 million. Each stock must have a minimum value of $4 at the time of listing. From the outside they appear elgible.
Comment by
Bigshortie on Nov 09, 2022 1:12pm
The market cap today is roughly $5.5 million, far below $40 million, and since the consolidation the share price is way below $4.
Comment by
winr88 on Nov 10, 2022 12:04pm
They are listed now on the NYSE American which has a Market cap requirement of only 4 million.