Yesterday the SEC approved the most brutal rule change for Nasdaq microcaps in years.
$5M market cap. 30 days below it. Immediate suspension. No cure period. No stay on appeal.
~200 listed companies are below the line right now.
Here's how it actually works — and what everyone's missing 🧵
""And there have always been and there always will be the same percentage of winners and losers. Happy foxes and sad sacks. Fat cats and starving dogs in this world. Yeah, there may be more of us today than there's ever been. But the percentages—they stay exactly the same.""