Feb. 3 at 5:50 PM
$ASST $BTC.X
$MSTR $SMLR
Genuine question for the community — what am I missing here?
There’s a lot of noise and I’m trying to separate facts from hype.
$ASST is trading around
$0.68, yet Nasdaq requires a minimum
$1.00 bid price to remain compliant. This isn’t new — there have been multiple efforts in the past to keep the bid above
$1.00 to avoid (or resolve) deficiency risk.
A reverse split tied to
$SMLR Shouldn’t change the underlying issue for ASST itself. Compliance is issuer-specific — it can’t be “fixed” by another ticker’s corporate action.
Under Nasdaq rules, once a company is deemed deficient, it generally needs to trade at or above
$1.00 for 10 consecutive trading days to regain compliance. And reverse splits are now more restricted, so they’re not an endless reset button.
So my question is simple: what’s the bullish case for staying sub-
$1.X in the near term? If delisting risk is real (or the market thinks it is), then getting back above
$1.00 sooner rather than later seems important.
Personally, I’m watching the broader crypto/Bitcoin narrative — if
$ASST is positioning itself as aligned to
$BTC.X (and by extension the
$MSTR trade), then the setup looks compelling to me — but I want to understand what others think I’m overlooking.
Not bearish — just trying to understand the mechanics. Curious to hear thoughts.
