Post by
1scratchgolfer on Jul 29, 2021 4:42am
Ignore the FUD and noise. NEO will test ATH next 1-3 months
Just a reminider that NEO is also listed in the U.S. on the OTC pink as NBMFF. Because it's listed on the pinksheets, the daily price action in the US is extremely choppy. Bid-ask spreads are often +/- 10% and market makers can easlily manipulate the share price because of the thin volumes. While the company does an excellent job of providing company updates, its distribution network is limited. This is why a lot of investment forums geared toward U.S. stocks are not aware of NEO's transformation into an energy storage/battery materials play.
That's going to change hopefully soon, IMO NEO disclosed in their most recent MD&A (https://www.sedar.com/search/search_en.htm) for the period ending May 31 dated 07/23/2021 that they intend to uplist to the OTCQB exchange in the US. They've already paid the listing fees and meet all the criteria to uplist from the pink sheets to OTCQB. Based on the date of the MD&A and the 4-6 week review process from the OTC Markets Group, I would expect an approval over the next 1-3 months.
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