$Super Micro Computer (SMCI.US)$ Nice pump. But stock has ve...
$Super Micro Computer (SMCI.US)$ Nice pump. But stock has very high chance to get delisted by next weekend.. scary how ppl can still buy
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topcing : good deal
Jaydeezy23z : Yo! Interesting, but curious if you can help me out a bit here to understand? (if you don’t mind)
I also intend to read up more on my own, but hoping you can elaborate about this potential chance for delisting by next weekend?
I haven’t heard anything yet myself, but just getting back on page and maybe outa the loop..
SO..
1) What don’t I know about the company, that makes you say this bold of a statement? (<7days to Delist?)
2) Only ever experienced delisting threats on Penny Stocks, but that go under $1 dollar for an extended period of time without recourse..
- How Is this 25$ stock at a potential one-week threat watch for de-listing?
Rich Yellow Boi OP Jaydeezy23z : 1) Well, nasdaq gave them a a deadline for filling its annual report in regard to their alleged fraud at 16 Nov or come up with a plan by then. So far, the only thing they did is a loan agreement that will be furnishing its audited financial statement on dec, which means there is a high chance smci will exceed 16Nov deadline UNLESS they have other plans which nobody knows yet.
2. As mentioned, this issue start in august and has given a deadline. It doesnt need a stock to go under 1 for it to be delisted. e.g twitter
But take this with a pinch of salt. We never know what will happen. Personally, i dont take high risk, so i will keep track for now.