I'm pretty sure it's not up to you......nor management @ zqk for that matters.
it's not like the CEO wants the stock to trade at $0.46. and they also can't just go all out or do whatever they want either. They are 800m in debt and covenants prevents them from taking too high of risk.
NQ mobile is trading low because of accusation of accounting fraud, cooking the books etc. if you look at the historical price, it is all over the place. zqk is a gambler's stock that will either make or break. both companies have high levels of uncertainties which causes the stock price to move by a large amount during every earning announcements. that's the comparison.
Old news is new news.
Quote, ZQK company can regain compliance with the minimum per share average closing price standard at any time during the six-month cure period if, on the last trading day of any calendar month during the cure period, the Company has (i) a closing share price of at least $1.00 and (ii) an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month, Unquote.
It's all or nothing for us stock holders!! I think ZQK will do a hang 10. ( as a parallel to being a difficult manuver on the surfboard, meaning to go all out, full-tilt ).
Only stocks valued at $2.00 or more are margin-able, hope sell off is not an indicator of what is to come, scary...
You should read the quarterly reports and conference call transcripts before you come here and bash a company and ask questions you would have the answers to if you did your research. Maybe if you were a better investor you wouldn't need sales codes.
Still can’t buy online with the sales code….this is BS. All the folks pumping a company and can’t even make a purchase online.
And why can’t we buy Quiksilver online on the top youth apparel web sites like you can for Supra, RVCA, Billabong, Ripcurl, Hurley, Rusty, Vans, Salt Crew, Neff, Emerica, Vissla….(very important was mentioned on CNBC TV show Shark Tank).
It’s always perplexed me and my friends both as customers and stock holders why the Internet and smart phones is so foreign to them compared to other surf Co’s. But once they acquire talent with the new management look out, this could significantly turn around sales late in 2016 / 2017, as this is where youth apparel sales are and will be going forward.
Sentiment: Strong Sell
Sorry shorts who might have thought this company was perhaps not going to be able to report on time like a real weak company like American Apparel. Anyway, enjoy the earnings report, right after Labor Day and back-to-school, and right before the holiday shopping season. Hope gas prices are nice and low by then, too, so people spend more on clothes.. ZQK to take off today and tomorrow in anticipation of a stellar quarter. PSUN followers, did you see the nearly 20% rise yesterday? It's our turn real soon, and my holdings at $.44 are safely tucked away for a rainy day when the share price of Quick is $2.50 and above.....toodles
Margin call's that all. Someone was caught hoarding to many shares without the capital, the makers liquidated their shares to preserve the capital and comply with the SEC rules. The dump was on L2 and is nothing more than a margin call for some poor sap
yes, it's called myself and my 107k shares of zqk
whether you or I like it or not, the truth is the truth.
you can say blind things or only good things if you want, but that dosen't help anyone.
I can answer that question, it's because going under does not mean going out of business.
chapter 11 liquidates, chapter 7 reorganizes. However, in both scenerio the shareholders usually gets wiped out. That's why bk is used as last resort. why does shares plummet when ceo gets canned? it's because internal results clearly shows no improvement. The same thing can be said for Radioshack who opens dozen new stores only to go under month later.
As I said, daily trading isn't really relavent right now unless it's news driven. corrections are coming in two weeks when ER is due and anything can happen. NQ mobile reported today, and shares up at 51% in afternoon trading. zqk can do the same and even more. doubling,tripling in single day for low priced stocks have occured before and will occur again.
If Quiksilver was about to go under, why would they keep signing promising young skating/surfing athletes? Why would they keep all of their stores open? Why would they be hiring for a multitude of positions? We have to remember that they canned their CEO.. If course the share price is going to plummet. It's probably the worst news for shareholders other than a bankruptcy filing our a litigation notice. Have faith...