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It's only 61 days until we get the good news that Elio wins their case. So, I expect the stock will go above $5 in February then the stock gets relisted back on OTCQX. After the victory on March 27th, NASDAQ listing on April 2. If that happens, the stock could go to $40.
They can not go back to QX, they did not file 3q SEC.
I hope that was satire. Elio getting off the hook for a few hundred grand is like removing a grain of sand from the beach.
OTCQB still has to file a SEC report, if not it goes to Pink. The SEC report does not have to be as elaborate as in the past. I think that just like when we were all waiting on Jan 1, 2017 for the SEC report, we finally realized that they could delay it until May 1, 2017. I suspect we are seeing the same delay.
You have to have some glimmer of hope. If nobody did then we'd all just stop at the first sign of failure for everything we do in life. We all know the mountain of problems Elio has but just some simple funding will make all of the problems go away. Money solves all problems when it comes to manufacturing simple items like an Elio.
The deadline for the report passed, they can not just release it and it will be okay. Their next option is to try again after year end report. Nasdaq might look again after report is released, but until then the application would not be considered. Companies have already started to release year end, Elio has a habit of listing the last possible day, never a good sign. It would be nice if your optimism will be rewarded.
In the meantime, since they missed their report, they are now relegated to Pink. The moved to B because they failed the penny stock test which has to do with going below $5 and a few other things. Not filing on time with the SEC means you go to Pink.