Dec. 15 at 6:16 PM
$SDM $QMMM $EFTY $PTNM $PLTS When halted, Nasdaq keeps collecting fees as usual from these companies - that's the financial incentive for Nasdaq to halt them forever - until the point these companies can't afford the listing fees and related expenses (could be as high as over
$1M a year) with no chance to benefit from staying listed on Nasdaq (capital raises) then they will skip filings and Nasdaq will start delisting them one by one, often after years of halting them under T12 (as seen with SVA), which is clearly INTENTIONAL game playing and illegal to halt stocks forever just to see if company can "fully satisfy Nasdaq’s request for additional information" - they should know it in 2-3 weeks or less, not years!
All trapped investors should keep filing complaints with SEC against Nasdaq and demand a timely conclusion of the "info inquiry" halt. If you have more than 50k trapped in here, your might wanna consult a securities attorney for a potential class action lawsuit against Nasdaq.
