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PENN OCTANE CP Message Board

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  • rrb1981 rrb1981 Jan 20, 2005 4:29 PM Flag

    why does it go down????

    Management probably does not care if POCC is delisted. If it is delisted, they save money in terms of meeting the various legal and regulatory requirements required to be on the various exchanges. If they were really interested in holding off delisting, they would enact a 1 for 10 reverse split(i.e. 1 new share for 10 old shares) and push POCC to roughly $10.00 a share, which would more than remove the issue of delisting.

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