October 4th marks the 180 days since we last closed above $1.
Does anyone think they can successfully appeal and get it extended for 180 days given volatility and important milestones that will hopefully come in the near future?
What is everyone's thinking in terms of countermeasures to get this above $1? I was thinking a large insider purchase but now I'm not sure. They could let this go to pinks or reverse split. Both those options make me feel uneasy.
Hopefully we can have a mature discussion on the topic.
Actually he's been here a lot longer than that...your statement reveals your ignorance and stupidity because you appear to be unaware that Yahoo limits how far back posts can be recalled looking at a poster's message list.
If we look at Jb0thoo7's list, it says he made only 1375 posts and the oldest that can be seen in the list is #1020 made in Sept of 2011...
And anybody who has been around here knows that jb0thoo7 has been posting for years...
Just another illustration of a really dumb, stupid democrat. Don't get me wrong folks, I'm not against Democrats, just dumb, stupid ones like jb0!
If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, NASDAQ will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable requirements.
Thereafter, if such a company does not regain compliance with the bid price requirement a second 180-day compliance period may be available. A company listed on The NASDAQ Capital Market may be eligible for an additional 180-day compliance period if it meets the market value of publicly held shares requirement for continued listing, all other initial inclusion requirements for the Capital Market, except for the bid price requirement, and provides written notice that it intends to regain compliance with the bid price requirement during the second 180-day compliance period, by effecting a reverse stock split if necessary.
David - Below are a couple of links to the delisting process and the NASDAQ requirements for continued listing on the various exchanges. Hope this helps.
Based on the trading action the past couple of days my guess is they are getting ready to do a reverse-split. FWIW, I would guess it will be in the 1 for 4 to 8 range. Also, another article I read has the 180-day period ending on Oct. 2nd.
oh there can be many countermeasures:
- news about the delivery of the new machine
- presentation of the first wire (the longer the better)
- naming the company with their demonstration project
- announcing collabortaions/partnerships with companies like SOUTHWIRE, NEXANS, GENERAL CABLE (incl. SIEMENS), KYOCERA and maybe others
- insider purchase will certainly help
but even if SCON gets delisted: as soon as they start production of the hts-wire, the stock will easily climb above 1$. they should be able to get relisted easily then.
anyway SCON should be a long time investment.give them the time they need to enter the hts-narket as a big player. they are already quite close. they just have to get the new machines working. from this point on i see only reasons for the share to climb higher.
I understand there are a lot of countermeasures in terms of potential news announcements but my point is they will likely not get far enough along before early October to make any of these annoucements. These guys are working hard to successfully commercialize their HTS technology but they aren't gods.
I co-run a successfull manufacturing company (unrelated to HTS wire) and I'm also a mechanical engineer specialized in manufacturing and design. I can tell you from my experience that these major developments take time!
If SCON gets delisted then I am no longer allowed to trade SCON through my bank. I can sell at any point but no longer can buy. I am certainly not alone. Getting delisted shouldn't be taken casually.
Is that a fact that you can get re-listed easily or speculation? Never seen this happen since I started trading.