Emms has 7 calendar days to file an appeal after receipt of the delisting determination letter, which would have been sent after the 27th closed. They will be given a 15 day extension and a hearing date. At the hearing, as long as Emmis presents a reasonable plan to deal with the price issue, a 180 day extension can be granted. Sec allows 4 day gap between events pertinent to share holders and release of a public statement.
Since when did short term moves in the prices of underfollowed value stocks indicate anything about their fundamental worth...and ultimate price trajectory?
Did you dump all of your stocks at the March 2009 bottom? Of COURSE you didn't.
You like to trust "price'" as an indicator of value, in the short run, when it provides you a convenient excuse to carp...which is kind of a chronic addiction of yours, it seems to me.
if you absorb all of the publicly available information about this company, and do the work I have, you would not be fearful. With no guarantees...but at least with a high degree of certitude.
You dwell on things I don't waste my time worrying about. The thing, perhaps, that is MOST important to me is that no one knows what these assets are worth more than the CEO. and he was willing to go through with a deal, 18 months ago, even though public market values of radio stocks had collapsed to a nadir, around the beginning of Sept 2010.
Maybe I'm simple-minded and naive...but I personally like to focus on the things I think I can COUNT on. Especially if I think that the Street is pretty much ignoring those things.
Reverse splits are never good for stock prices. Although i lost a lot money and sold out at .77 a week ago, I'm still interested in how this plays out. SIRI was once in danger of delisting but was granted a lifeline on the grounds that it was being so heavily traded and was near $1, despite passing the deadline. I sorry to say, can't see a rationale for EMMS, though. Pink sheets are more often than not a death sentence.