$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$The closing price for two consecutive days was $28.49.

$CERo Therapeutics (CERO.US)$ Going to .50 today

$Asensus Surgical (ASXC.US)$
Can anyone tell me why the company announced that the shareholders' meeting had passed the merger resolution when the number of votes in favor did not exceed 50% of the total issuance?
On August 20, 2024, Asensus Surgical, Inc., a Delaware corporation, (the “Company”) held a virtual special meeting of stockholders (the “Special Meeting”) to consider and vote on the proposals set forth in the definitive proxy statement of the Company prepared in connection with th...

$CERo Therapeutics (CERO.US)$
A reverse stock split does not change the overall value of the company. The market capitalization before and after the split should remain the same. The factor that factors into a company's decision to do a reverse stock split becomes a multiple of the market-adjusted stock price.
Examples of reverse stock splits include AT&T Inc.'s 5-for-1 reverse split in 2002 to prevent a decline in the stock price and to maintain liquidity during the split. Many small nonprofit c...

$Asensus Surgical (ASXC.US)$
It was the company's operating managers who brought a company with a bright future to its end, and it was they who signed the unequal agreement to sell the company at a low price.
At present, if a company applies for bankruptcy protection, it may choose to execute one of the Chapter 7 and Chapter 11 of the Bankruptcy Law. Here is a brief introduction to the difference between the two laws.
The U.S. Bankruptcy Law governs how a company stops operating or how it gets ou...

$Asensus Surgical (ASXC.US)$
I was against the sale at this negotiated evaluation already. With this "threat" to file for bankruptcy, I am now resolute. Voting against this proposal is the only responsible, right, and logical thing to do. I refuse to let anyone threaten me into acquiescence. Failing to properly manage a company, all the while fully anticipating a copious payday is just wrong.
So seemingly capable of navigating the labyrinth of elaborate pathways required to cut ties and reap a h...

$Asensus Surgical (ASXC.US)$
Once the acquisition is successful, the company's board of directors does not have to be held responsible for its own incompetence, and they can continue to get what they want in the acquired company.

$Asensus Surgical (ASXC.US)$
Once again, they threatened shareholders with bankruptcy in order to get the takeover proposal approved. They only wanted to satisfy their own needs, but at the expense of the interests of the majority.

$Asensus Surgical (ASXC.US)$They are afraid, and they begin to worry that their actions, which are detrimental to shareholder interests, will not succeed.
While we have received proxies for approximately 52% of our outstanding shares with a large majority voted in favor of the merger proposal, we still need more votes to approve the transaction. This is a very low turnout for such an important vote and we encourage you to vote your shares as soon as possible. No matter how many sha...