First off the stock won't gte delisted, because they are doing a reverse split that will bring the stock back up over the mark. The Nasdaq notice is a non-event.
Secondly, the newly issued shares is old news. Nothing has changed and nothing is different.
The stock is not going back to $50, but considering bankruptcy is off the table, the economy is improving quickly, and revenues will turn a corner within 2 quarters, YRCW should valued at more than $450m.
So for those who want to know where it opens Monday: Between .45 and 47 cents. (Considering nothing has changed)
If you are looking to get rich, it won't happen here. But, if you are willing to hold and wait, much better days ahead.
Bottom line, credit agencies don't raise your ratings if bankruptcy was within vision.
They will do the RS if they want to, but, if they rather not (unless necessary), they will wait 'til August to see if price goes up on its own. Even then the price rise (if any) may ameliorate the severity of the split.
Wow....non-hyperbola comment....can this really be on a message board. Stock is a nice play on economic rebound, if they do everything right...stock is at 3 bucks in two years...if they do the average management job....1.50....if they do below average .75 to buck in two years.....anyway should have a gap down open on Monday...congrats to the scalpers today...we'll see how many shares are out there on Monday for the re-load.
Those nasdaq notices are meaningless. In this case it is even more meaningless with a reverse split on the horizon. It is just procedure for Nasdaq to send it and by law YRCW has to create a press release.
Nasdaq has been making been giving companies extensions because of the crash, but in YRCW's case, the reverse split will put them back over the mark.