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  • Reply to

    MMA Capital Announces Move to NASDAQ

    by cklind Oct 6, 2014 5:07 PM
    y_o_s_e@ymail.com y_o_s_e Oct 6, 2014 6:56 PM Flag

    positive, but management needs to be out selling their story to attract new investors, hope they're logging some frequent flier miles

  • BALTIMORE, Oct. 6, 2014 /PRNewswire/ -- MMA Capital Management, LLC (OTCQB: MMABD) ("MMA Capital" or the "Company,"), a Delaware limited liability company, today announced that the Company will commence trading on the NASDAQ Capital Market exchange ("NASDAQ"), operated by The NASDAQ OMX Group, Inc. (NASDAQ: NDAQ), beginning Thursday, October 9, 2014.

    In order to list on NASDAQ, the Company was required to meet a number of financial, reporting, trading and governance hurdles, including a minimum bid price which was met following the Company's reverse stock split on September 29, 2014. Michael Falcone stated, "We are happy to partner with such an established and prestigious exchange as NASDAQ. It's long been our goal to become eligible for a national exchange and it's our belief that the added liquidity and the positive perception associated with trading on NASDAQ will create long-term benefits for shareholders." Effective at the time we join NASDAQ we will also change our trading symbol to "MMAC" to better match our recent name change.

  • Reply to

    Reverse Split

    by xperiencedinvestor Oct 3, 2014 1:00 PM
    y_o_s_e@ymail.com y_o_s_e Oct 3, 2014 2:13 PM Flag

    the tax loss carry forwards are virtually worthless to a buyer, investing in a profitable business and/or buying back debt at a discount is the way to maximize the value of those losses.

  • Reply to

    Reverse Split

    by xperiencedinvestor Oct 3, 2014 1:00 PM

    I agree with you, however, given this management's very strong execution so far, i am inclined to give them the benefit of the doubt. I would expect that they have some very solid understandings about actions other companies/investors will likely take if they get this on a better footing with the exchange. Very troubling though,

  • As a long time investor, I have rarely had a reverse split work out well. Unfortunately after two years of watching the efforts of this management work diligently to keep the company alive, I am disappointed. They just made an illiquid turnaround story into a totally illiquid company. They don't have enough stock personally to get rich and what they should be doing is selling to company to an entity that need the tax loss carry forwards. Better places to put money in my view...lightening up.

    Sentiment: Sell

MMAB
1.840.00(0.00%)Sep 26 3:24 PMEDT

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