Jan. 16 at 3:04 AM
$NMHI It’s tricky!! When your Nasdaq listing goes away and move to OTC, you find it very very hard to attract the investors not just in financing, but trading/liquidity! Look at the recent example, where
$PIKM $PIK initially mentioned that they will appeal against the Nasdaq suspension.. but then after few days, they dropped the planned merger as well as decided not to appeal on the Nasdaq suspension!
With
$NMHI too, it’s a risky bet! Their liabilities are more than assets! Having said that if they manage to get that financing deal, they would surely be reinstated on Nasdaq.. stock might be 3x to 4x from current price!! if not, I doubt they appeal against suspension, may remain in otc!
https://www.wrbl.com/business/press-releases/accesswire/965677/kidpik-announces-termination-of-merger-agreement-and-decision-not-to-appeal-suspension-of-trading-of-its-common-stock-on-nasdaq/