Sultan سـلـطـانــ
@SaudiBay • 3,578 subscribers
『☕』🐻2027🐂
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$LCID 🚨A new interview with Marc on Bloomberg about stock reverse split & Lucid x Uber x Nuro partnership: ❌ It’s NOT to avoid delisting – Lucid wasn’t anywhere near the $1 threshold required for Nasdaq delisting. ⚙️ It’s a technical move – mainly to: 🔵Open the door for institutional investors who can’t buy low-priced stocks. 🔵Help reduce volatility in Lucid’s stock price. 🔵Strategic reason – it’s about positioning the stock for broader market appeal, not about financial weakness. 🔵 Many institutional funds have internal rules that block them from investing in “penny stocks” — typically under $5 or $10. This reverse split helps overcome that. 🗣️ CEO’s words: “It’s not a lifeline. This is a technical step to enable broader institutional participation and reduce volatility — not because we’re close to being delisted.”
Sultan سـلـطـانــ27,344 görüntüleme • 1 yıl önce
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