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Emmis Communications Corp. Message Board

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  • kola4me kola4me Mar 1, 2012 3:48 PM Flag

    Maybe This Is What We're Waiting On

    As someone stated on another thread, Emmis would only have to state the intention of performing a reverse split, dependent on a vote at the next shareholders meeting, then act to deal with the debt refinancing or squaring up with the preferred problem. If the price then got back in compliance in the mean time, there wouldn't be any reason to carry out the split.
    -Sirius was given the extension because the FCC gave them such a hassle over merging with XM, it held the shares down for a long time. They were under $1 for a very long time, so the rules are flexible when the SEC wants them to be.

 
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