Nov. 14 at 5:22 PM
$CODX A Reverse Stock Split or an OTC Listing 😟❓
Co-Dx has recently raised funds by offering CODX shares at
$0.55 and
$0.40 per share. Institutional holders bought up these shares with no problem. Therefore, institutional holders of CODX shares are not locked into only accepting Nasdaq listed stocks. So long as Co-Dx has great potential in its products succeeding in the Molecular Diagnostic Test market and remains capable of raising revenue, Co-Dx should be able to continue to function as an OTC listed stock. A reverse stock split is extremely undesirable to CODX shareholders. Therefore, voting against a reverse stock split is the logical action to take.
Google AI Question
Do institutional holders mandate a Nasdaq listing to invest in a stock?