ten bottles of beer. Take one down, pass it around nine bottles of beer on the wall!
Only 9 more continuous closes above a dollar and EMMS will be removed from the Nasdaq delistment list. G-o-o-o-o EMMS!
No more bottles of beer on the wall, no more bottles of beer!
We're off the hook, that's all it took, no more bottles
of beer on the wall!
EMMS should receive notification from Nasdaq within a few days
that it has regained compliance with the one dollar minimum bid rule.
Shares of Indianapolis-based Emmis Communications Corp. closed Monday at $1.53, the 10th straight day the stock has finished trading above $1preserving the company's listing on the NASDAQ stock exchange.
yeah but now we've got to worry about the hang over....not sure the markets are going to be very kind going forward---EMMS seems be market driven, so don't we think that and the markets are completely drunk and should have been in detox weeks ago!!
Congrats, you called it early and you were right, EMMS did it, actually the traders did it but either way you were the lead cheerleader and deserve a pat on the back for your enthusiasm.
Here's to EMMS and here's to the next target of $2+.
Indianapolis-based media company Emmis Communications Corp. is halfway home to maintaining its listing on the NASDAQ stock exchange.
NASDAQ notified Emmis in September that it would be delisted from the exchange if the company’s stock didn’t rise above the minimum bid price of $1 per share for 10 straight business days before March 15.
Emmis shares closed Monday at $1.50, marking five straight days in which its stock price has exceeded the $1 benchmark.
Emmis’ string of closings above $1 began on Oct. 13, when shares ended the day at $1.15. Shares hadn't traded for more than $1 in more than a year. The stock price rose to $1.32 last Wednesday and was relatively unchanged the next day before rising to $1.46 on Friday. Shares climbed to $1.50 on Monday, marking their highest closing since September 2008.
Dude!!! Good Earning on the way. Read the article
Wells Fargo analyst Marci Ryvicker, who follows Emmis, wrote in a report earlier this month that September revenue, which will be reported in the company’s fiscal third-quarter results, was better than August's. And so far, October seems to be looking healthier than September, she said. The news is having a positive impact on Emmis stock, she said. “Comments from Emmis management confirm what we have been hearing from other large and small market groups—trends continue to improve month to month,” Ryvicker wrote.
Here is the article http://www.ibj.com/emmis-on-way-to-avoiding-stock-delisting/PARAMS/article/10646