Shroomie
OP
KSOL
:
correct. Right now, the company does not meet the minimum requirements to be listed on the nasdaq. They have been sent a notice and can appeal to be given more time here
Shroomie
OP
KSOL
:
it's like playing a lotto. you're making a bet that a pharmaceutical company will create a drug that gets fda approval and be bought up. The company is basically diluting the shareholders to keep afloat trying to make this happen before they go bankrupt. that's why the share price keeps dropping.
KSOL : @Dusters how many shares are u still holding can we know please?
Shroomie OP KSOL : if he bought as many as he claimed, and is still holding..... crazy losses
KSOL Shroomie OP : so if this company is delisted, that means we won't get even a single cent out of this investment???
when will the delisting happen? is the appeal done already?
Shroomie OP KSOL : The company will still exist, it will just be delisted from the nasdaq and be OTC market
KSOL Shroomie OP : thanks, never heard of this before. so exist and we are still shareholder of company?
Shroomie OP KSOL : OTC stocks are very risky investments. More chance of failure than success
Shroomie OP KSOL : correct. Right now, the company does not meet the minimum requirements to be listed on the nasdaq. They have been sent a notice and can appeal to be given more time here
Shroomie OP KSOL : there's an article in the news section that ALLR was granted a hearing to extend their time on the nasdaq.
Shroomie OP KSOL : it's like playing a lotto. you're making a bet that a pharmaceutical company will create a drug that gets fda approval and be bought up. The company is basically diluting the shareholders to keep afloat trying to make this happen before they go bankrupt. that's why the share price keeps dropping.