Apr. 21 at 8:21 AM
$SGMO Your skepticism is justified; it's extremely rare, but possible.
Novavax 2019: The share price was around
$0.35. They missed all NASDAQ deadlines, performed a 1:20 reverse stock split, and were on the ropes. The stock skyrocketed from under
$4 to over
$300. However, these shares didn't go OTC yet; it's just about exploring the possibilities if the technology is right.
A breakthrough (like Sangamo's Fabry approval or the Lilly deal) can rehabilitate a nearly dead stock.
2. Zivo Bioscience (
$ZIVO) – The classic OTC route
They used their time on the OTC market, then performed a reverse stock split and met the requirements for relisting.
• Lesson for SGMO: The OTC market isn't a dead end, but rather a "penalty area." If you deliver there, NASDAQ will let you back in. I believe SGMO could be that exception. There are important dates coming up in June, a possible shareholders' meeting, see if she's speaking at an important conference, let's see if there's a connection.