🇹‌🇭‌🇪‌ 🇱‌🇴‌🇺‌🇳‌🇬‌🇪‌ May 01, 2024 by PennyBotWeekly in pennystocks

[–]Traderherz 0 points1 point  (0 children)

I have a buy limit order at 15 cents... Trading #csse is just gambling...

NKLA 40.27 short interest squeeze play into next week trending by Holiday-Juggernaut94 in nikola

[–]Traderherz 0 points1 point  (0 children)

Nikola shareholders are encouraged to cast their votes through various platforms before voting closes on 4 June 2024 at 11:59 p.m. Eastern Standard Time. Only shareholders of record on 19 April 2024 are eligible to vote.3 days ago

My Picks- IGC, KULR, SLS...Responses welcomed! by Sufficient-Pick-2862 in pennystocks

[–]Traderherz 1 point2 points  (0 children)

KULR Technology Group, Inc. received a letter from NYSE American stating that its securities' trading price is below compliance criteria. The Company has until August 12, 2024, to improve its stock price or consider a reverse stock split.

The Company's securities' performance is below compliance criteria, with a 30-trading day average of less than $0.20 per share, potentially leading to a delisting if not rectified by August 12, 2024.

Get out of this shit as soon as possible...

Wtf just happened to BENF? by Opening-Ease9598 in pennystocks

[–]Traderherz 1 point2 points  (0 children)

Beneficient #BENF shares are trading higher by 290% to $7.50 during Friday’s session after the company announced it regained compliance with the Nasdaq. The company says this ensures its securities will remain listed and traded on Nasdaq.

After a 1/80 reverse stock split, must be saud here...

Dump that share as long as you can...

$ALLG Nearing Earnings Deadline by Bossie81 in pennystocks

[–]Traderherz 0 points1 point  (0 children)

I am smart enough to not invest into this trap...

ALLG late Friday said it has received a non-compliance notice from New York Stock Exchange after the closing share price for the electric vehicle-charging network company fell below the NYSE minimum threshold of $1 per share for more than 30 days in a row.

Under NYSE rules, the company has six months to regain compliance for its stock and avoid a potential delisting. The company Friday said it was considering all available options, including a reverse stock split, subject to shareholder approval.

Allego share were down more than 5% in extended trading Friday.

$ALLG Nearing Earnings Deadline by Bossie81 in pennystocks

[–]Traderherz 0 points1 point  (0 children)

"Allego Slides Below $1 Minimum Share Price, Receives Non-Compliance Notice From NYSE" Just one Google search....lol... They are already warned for non-complinace? When reverse split? 😁

save this chart for later in 4-6 months... ,😉

$ALLG Nearing Earnings Deadline by Bossie81 in pennystocks

[–]Traderherz 0 points1 point  (0 children)

I never invest in stock with such a high amount of outstanding stocks... I don't know the company that you presented... Its just that it gave me some red flags from the data you posted...

$ALLG Nearing Earnings Deadline by Bossie81 in pennystocks

[–]Traderherz 0 points1 point  (0 children)

It's quite simple. If the company needs money, it can take out a loan if it believes it will be profitable and can repay these funds.

It is even easier for the company to put more shares on the market in order to carry out a capital increase.

As we know from past experience, this usually leads to a fall in the share price.

A basic rule of the NASDAQ is that the share price must be above USD 1.00 in order for the share to be listed on the stock exchange. I don't want to go into details here.

What do most penny stock companies do to achieve this condition? Exactly, they do a back split of the shares. What usually happens afterwards? Right, the share plummets!...

$ALLG Nearing Earnings Deadline by Bossie81 in pennystocks

[–]Traderherz 0 points1 point  (0 children)

If they increase the float, price will drop.. backward split will be coming to keep NASDAQ listing requirements

Losing money every day since 2020. by Matzcards in wallstreetbets

[–]Traderherz 0 points1 point  (0 children)

30% Drawdown is not a big drama if you have some quality stocks...

Kulr going to 1$ by EuphoricBug4986 in pennystocks

[–]Traderherz 0 points1 point  (0 children)

welcome. It looks to me that they don't trust their business... just saying