KOSS
Koss Corp
stock NASDAQ

Just something I've been thinking about ever since the worm sign tweet came out...

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In Dune, the Emperor secretly betrays House Atreides by unleashing his Sardaukar troops to wipe them out. That’s what Trade 385 was in the GameStop saga — a hidden move disguised as “risk management,” where a $385M AMC trade misfire at Apex was used to freeze buying in GME, AMC, and KOSS. On the surface it looked like a neutral system error, but in practice it crippled retail momentum the same way the Emperor tried to snuff out Atreides’ rise.
The Emperor had his Sardaukar; Wall Street has TRS/CFDs. These synthetic shorts don’t show up in short interest or filings — they’re invisible armies, hidden until margin calls and hedging force them into the open. When that happens, we see it in the tape as massive, abnormal volume bursts: Nov 29, 2023 (~61M shares), Mar 25, 2024 (20–30M), May 3, 2024 (~36M), and then the May 13–14 explosion (187M/206M). These aren’t random — they’re the thumpers, rhythmic signals that summon the worm, the signs of something huge moving beneath the sand.
And just like Paul Atreides, GameStop has adapted. The board’s fortress balance sheet (billions in cash, no debt) and 0% convertibles with cash-settlement deny shorts their “escape hatch.” Bankruptcy isn’t on the table anymore, so the only way out for synthetic shorts is through recurring margin stress. The thumpers keep pounding — and every time the sand shifts, it shows the worm is still alive under the surface.

Just something I've been thinking about ever since the worm sign tweet came out...

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In Dune, the Emperor secretly betrays House Atreides by unleashing his Sardaukar troops to wipe them out. That’s what Trade 385 was in the GameStop saga — a hidden move disguised as “risk management,” where a $385M AMC trade misfire at Apex was used to freeze buying in GME, AMC, and KOSS. On the surface it looked like a neutral system error, but in practice it crippled retail momentum the same way the Emperor tried to snuff out Atreides’ rise.
The Emperor had his Sardaukar; Wall Street has TRS/CFDs. These synthetic shorts don’t show up in short interest or filings — they’re invisible armies, hidden until margin calls and hedging force them into the open. When that happens, we see it in the tape as massive, abnormal volume bursts: Nov 29, 2023 (~61M shares), Mar 25, 2024 (20–30M), May 3, 2024 (~36M), and then the May 13–14 explosion (187M/206M). These aren’t random — they’re the thumpers, rhythmic signals that summon the worm, the signs of something huge moving beneath the sand.
And just like Paul Atreides, GameStop has adapted. The board’s fortress balance sheet (billions in cash, no debt) and 0% convertibles with cash-settlement deny shorts their “escape hatch.” Bankruptcy isn’t on the table anymore, so the only way out for synthetic shorts is through recurring margin stress. The thumpers keep pounding — and every time the sand shifts, it shows the worm is still alive under the surface.

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EMOJIS FOR VISIBILITY
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Bottom Line
Koss is not in danger of being delisted, provided it continues to maintain its current financial and filing status.
Trading volume is not a factor for maintaining a Nasdaq listing, only for getting listed initially.
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From CHATGPT
1. Could Koss Be Delisted from Nasdaq?
Yes—but under very unlikely circumstances, given its current standings.
Key Nasdaq Delisting Criteria:
Bid Price: Must remain above $1 for at least 5–30 consecutive trading days depending on deficiencies.
Market Value of Publicly Held Shares (MVPH): Must meet thresholds—e.g., ≥ $5–15 million (depending on equity standard).
Market Value of Listed Securities: Often ≥ $50 million.
Stockholders’ Equity / Financial Health: Minimum equity levels required (~$5–10 million or relevant financial metrics).
Filing & Governance: Must meet reporting schedule and governance standards.
KOSS in Current Condition:
Stock Price: Well above $1—no risk of price-based violation.
Cash & Equity: $13–16 million in cash, no debt—safe from equity-triggered delisting.
Market Value of Public Shares: Sufficient given float and share price.
Compliance: KOSS files regularly and meets governance requirements.
** Verdict**: Koss is not at risk of delisting currently.
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2. Is There a Requirement for Trading Volume?
No Direct Volume Requirement for Continued Listing:
Nasdaq does not require ongoing minimum volume for existing listings.
Trading volume requirements generally apply to initial listings, not maintenance.
Example: A company listing from the OTC market must have traded ≥2,000 shares/day over the 30-day period before listing. However, once listed, there’s no ongoing volume threshold.
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Summary Table
Aspect Nasdaq Requirement KOSS Status
Bid Price ≥ $1 for a consecutive period Well above $1—compliant
Market Value of Public Shares Varies ($5–15M or $50M thresholds) Likely compliant with its float and price
Equity / Assets ≥ $5–10M (depending on standard) Strong equity / No debt
Trading Volume Required only at initial listing Not required for continued listing
Filing & Governance Must be timely and meet standards KOSS is current on filings
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Bottom Line
Koss is not in danger of being delisted, provided it continues to maintain its current financial and filing status.
Trading volume is not a factor for maintaining a Nasdaq listing, only for getting listed initially.