We are at $3.62 and need to be at $3.89 for 10 straight days, imo it's a no brainer as the powers that be will NOT allow this to be delisted. We watch, we learn, we cash in GREATER than 7% because when it runs its not stopping right at $3.89. For me it's not "if" but "when" .
Company not in compliance with Nasdaq market value of $35M and have until 12-12-16 to meet this requirement. The share price needs to be $3.89 for 10 consecutive days to meet this requirement and make this notice go away. $3.89 x 9M shares = $35.01M. Seems very doable, stay tuned, it's gonna get interesting. I expect volume to start increasing and share price rising to make the notice a mute point. C/over losses are too
Valuable imo. Just waiting on the herd to arrive, I have no doubt they are coming, patience, time the teller!
Well then explain why it was trading in the mid 4's with an intraday high of $4.74 on Tuesday on 3 MILLION SHARES !!! Today, it's down slightly but it's on a mere 46K shares---so absolutely meaningless when you consider that is only 1.5% of the Tuesday volume. The "big boys" are still holding!
Everyone can give me as many thumbs down as they like but this stock is going to hover at or around 3.30-3.50 until another spike. Only way I see that changing is if they can really consolidate some profitable real estate investments and/or are bought for tax purposes.
Only way I would go back in is if it hit the low 3.00s and I wanted nothing to do with that money for a good long time until the next spike to sell and possibly repeat
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Now down a full dollar from yesterday's high. And volume is only 275K --- yesterday it traded more than 10 times that, a 3+ million share volume day, so has consolidated quite nicely.
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