Delisting From S&P 500
Criminal attorneys would advise their clients to plead the 5th Amendment.
I think the board members have stepped outside of the protections offered to corporate officers, and have exposed themselves to criminal prosecution. i tink DOJ is looking forward to the Annual Report and the 2025 Q1 report, as it will support the 'continuing conspiracy to defraud' cause of action.
No auditor. No plans. No Nasdaq.
Be humble, sit down.
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151865453 : I wish they could see your comments
MANIVARS : It deserves booted out from stock market.. company full of scamsters and fraudsters
70911613 : Senior management is not afraid of legal proceedings at all, the special committee has said there is no issue, it is their problem that EY did not issue a report, you cannot demand the company to prove its own guilt. Without financial reports being released, it means nothing has been said, yet everything has been said. The senior management has truly displayed shamelessness to the extreme, and they do not care about delisting. The stock price continues to decline (it may be even lower after delisting), providing the company with more opportunity to buy back stocks, then wait for a few years, repackage, relist, and make another profit. It's just that the small retail investors are suffering, trapped, and the opportunity cost keeps rising.
71849380 70911613 : So True, Currently, there are only two types of people who are still buying:
1. Purely putting a small amount of money to gamble (high risk, high reward)
2. Really believe that the company has not revealed anything so far and is holding back big moves (these people are probably also very easily deceived by cults, brainwashing you that everything is fine as long as you have faith, the kind of people who believe anything is possible).
70911613 71849380 : There is actually another type of people who are buying now, which are those waiting for the company to announce a delay in application, and then engage in a short-term trade. The company is highly likely to apply for an extension. If approved, the company will have several months to prepare financial statements, followed by another wave of short-term trades.
流浪地球 : What I am most worried about is that the company might actually have issues, weighing the option of producing fake financial reports to delay delisting. Besides confirming the allegations of short selling news and adding several serious crimes, the only benefit is helping trapped stockholders to break even at slightly higher prices. If this is the situation, do you think this Taiwanese person is so kind? He may intentionally fail to act to provoke the SEC with missing financial reports and pretend to suffer from delisting, when in fact this is what he desires. Not reporting financial statements or even setting fire to destroy financial data, the lawsuit disappears, and he can continue to run a couple store doing server business. Of course, another group of people believe he is wrongly targeted, and will seek to restore reputation and listing qualifications, ultimately suing the short selling company for compensation for losses.