Moneygram International Inc. Message Board
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delisting
I am curious. What would happen to my shares if this Stock would be delisted after staying for to long under the 1 dollar? Are they then "frozen" for the time being untill the stock re-appears on the market?
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MGI went below $1 only recently. Do any of you think that delisting could be a potential problem for MGI? I looked up the NYSE listing requirements; it mentiones market value of 100 million, not the price per share se. Any informed thoughts and commednts are welcome.
Thanks.
RSR -
MoneyGram has their terminals at 1000's of locations and they wire the money over THEIR network, not the internet. Yes, they have assets and sophisticated systems to route money and collect it from senders. They are not a "rinky-dink" operation.
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what equipment? they use store phone to wire the funds.
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May disappear from NYSE for few days before getting listed on other exchange( e.g., Nasdaq, OTC etc.) you wouldn't loose your shares, you will be called bag holders instead of share holders.
With current market condition, 25 of financial stocks will fall and you will see a lot under $1 value.
Cheer...!!!!- 1 Reply to yash09152003
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the only way you lose your shares is if MGI went bankrupt, which anyone will tell you that isn't likely at all. The upside is HUGE with MGI at this low low price.....
they have a better shot at being bought for $2.50/share than going bankrupt.
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