% | $
Quotes you view appear here for quick access.

УСУ Message Board

  • mickeymacmichael mickeymacmichael May 6, 2013 8:06 PM Flag

    Nice Pop, Now Reverse Split Vote

    Continued Listing Standards Notice from NYSE
    USEC has been notified by the New York Stock Exchange that the Company has
    fallen below the exchange's continued listing standards related to minimum
    market capitalization in combination with stockholders' equity.
    The Company's common stock continues to trade on the NYSE. USEC is below the
    continued listing criteria established by the NYSE because the Company's market
    capitalization has averaged less than $50 million in a recent consecutive 30
    trading-day period at the same time that stockholders' equity has been below $50
    million. USEC reported a stockholders' deficit of $472.9 million as of December
    31, 2012, following the expense of $1.1 billion of previously capitalized work
    in process costs related to the American Centrifuge project.
    USEC has notified the NYSE that it will submit a plan to restore compliance. The
    Company has 45 days from receipt of the April 30, 2013, notice from the NYSE to
    submit a plan, and the NYSE has 45 days from receipt of the plan to accept or
    reject it. If the plan is accepted, the Company has up to 18 months to
    demonstrate compliance with the NYSE continued listing standards. During this
    18-month period, USEC common shares will continue to be listed and traded on the
    NYSE, subject to continued periodic review by the NYSE of USEC's progress with
    respect to its plan and compliance with other NYSE continued listing standards.
    The average closing price of the Company's common stock also continues to be
    below the NYSE's continued listing criteria relating to minimum share price. To
    cure this condition, the Company intends to seek stockholder approval for a
    reverse stock split at its next annual meeting of stockholders, scheduled for
    June 27, 2013. If the Company's stockholders approve the reverse stock split and
    USEC effectuates the reverse stock split to cure the condition, the condition
    will be deemed cured if USEC's closing share price promptly exceeds $1.00 per

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Who cares? A reverse split is not a good thing. Let them delist it and it can trade in the pink sheets. When they get their act together and start making money they can reapply for a NYSE listing. I will vote against it. What they need is a new mangement team. Shorts will have another feast.

    • bozonator May 6, 2013 9:08 PM Flag

      I'm betting that by the time that 45 days + 18 months happens that the price will be above $1.00 for the required amount of time with no reverse split. The shareholders won't vote for it. You cannot run data centers without nuclear/coal/gas, you cannot run industrial plants without nuclear/coal/gas, you cannot have major cities without nuclear/coal/gas and the US, Germany, China, Iran, and Japan know it. P.S. You cannot maintain the US nuclear stockpile without sourcing materials from a US company and you cannot down blend the current US stockpile (Obama wet dream) into reactor grade Uranium without USEC. I'll see all you longs on my (google it) Lagoon 52 in 5 years.

      Sentiment: Buy