will the stock be delisted at this rate whereby falls under usd 1 for such long period? please advise
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BagHolder23 : I believe it has to be under $1 continuously for a month and then they will receive a notice and have to do something like a reverse split.
silentcyfer : RIP this shit stock and all of my money… never gonna recover from this… sigh
BagHolder23 : This is speculation, and I don't understand the logistics properly but.... the c-class have given themselves special stocks which they can trade for normal stocks.
I think they will let it slide until the price is low enough to justify e g. a 5 for one R/S, then cash in on those stocks before announcing some good news they are sitting on which causes the price so that they can wring more of the company from retail investors.
Soarhigh OP BagHolder23 : thanks
BagHolder23 Soarhigh OP : that should say 9 months.
under $1 for 9 months, so they have until September to turn this thing around before their warning
FirstStrike Veteran BagHolder23 : after the warning, they can put in for an extension as well.