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Don't see any explanation of how they intend to make a money loser profitable. New stores when the old stores are losers is not the recipe.Delisting threats have to be taken very seriously. You will never see any institutional money in a company that has even a whiff of it.
There's three outcomes in my view:1.) they get delisted and put on OTC or pinksheets. Everyone loses including the insiders.2.) they do well, the delisting threat passes...everyone doe well.3.) they offer a tender offer and go private. Investors, at least, do well.
Does anyone know, why nasdaq asks for a certain shr holder equity? As far as I know, PPS should remain at $1 or higher to maintain the compliance. BTW, this stock looks heavily undervalued based on revenue, growth and share count.