$51Talk (COE.US)$On December 21, 51Talk announced that it had received a notification letter from the New York Stock Exchange dated December 20, 2021 informing it that the company's total market value and shareholders' equity were below compliance standards. Under applicable NYSE continuing-listing standards, a company's stock will be considered below par if its total market capitalization falls below $50 million over 30 trading days and its shareholder equity falls below $50 million. As of Dec. 17, 2021, 51Talk's 30-day average market capitalization was about $39.3 million.
Will companies like$51Talk (COE.US)$or$Zhangmen Education (ZME.US)$escape from China regulation because they are just teaching English language? This can be a potential multi bagger at current price if they manage to escape from regulation. Companies said that there will be a huge impact on their businesses, although some of them still expect they will not be recognized as curriculum-based institutions. "The majority of our products target oral English and English reading skills training. These products cannot be directly defined as 'curriculum-based tutoring courses', so this might sustain our company's operation temporarily," a staff member from VIPKID, a Chinese one-on-one English tutoring agency, told the Global Times on Tuesday on condition of anonymity. https://www.globaltimes.cn/page/202107/1229758.shtml...
51Talk Stock Forum
From a teacher point:
https://www.bilibili.com/video/BV1tU4y1J7en
$TAL Education (TAL.US)$
$51Talk (COE.US)$
$Zhangmen Education (ZME.US)$
This can be a potential multi bagger at current price if they manage to escape from regulation.
Companies said that there will be a huge impact on their businesses, although some of them still expect they will not be recognized as curriculum-based institutions.
"The majority of our products target oral English and English reading skills training. These products cannot be directly defined as 'curriculum-based tutoring courses', so this might sustain our company's operation temporarily," a staff member from VIPKID, a Chinese one-on-one English tutoring agency, told the Global Times on Tuesday on condition of anonymity.
https://www.globaltimes.cn/page/202107/1229758.shtml...
$51Talk (COE.US)$
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Might be related to: https://www.bloomberg.com/news/articles/2021-07-23/china-is-said-to-mull-turning-tutoring-firms-into-non-profits?srnd=premium-asia
"China is considering asking companies that offer tutoring on the school curriculum to go non-profit, according to people familiar with the matter, as part of a sweeping set of constraints that could decimate the country’s $100 billion education tech industry.
In rules currently being mulle...
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