Jun. 4 at 11:10 AM
$CHUC And now to the question: "When is the reverse split (RS) coming?" Once again, far too much panic is being spread here... Because—first of all—absolutely nothing is going to happen right away! For example: If the application is submitted to Nasdaq today, it will take 4 to 6 weeks before the uplisting can actually take place. During these 4 to 6 weeks, all documentation will be reviewed and, if necessary, revised—in case anything is missing or doesn't meet the requirements. Then, 5 to 10 days prior to the scheduled uplisting (the exact timing of which is determined by the assigned Nasdaq examiner), a minimum share price—say,
$4—will be required. At that point, if necessary, the appropriate reverse split will be determined and executed. The share price must then be maintained above that
$4 threshold for 5 to 10 days ( Next Part Down)
