Nasdaq & NYSE have different listing criteria and delisting procedures. I haven't found any reference to a delisting notice of RAMR before the Nasdaq suspended its continued listing criteria for price and market cap from Oct. 16 to April 20 (currently--it may be extended further if market is still distressed in April).
Whenever these suspensions do expire, the clock starts then for price <$1 (30 days for notice, then automatic 6 month extension, and another 6 month extension if all other listing criteria met). The market cap is currently only $10 million, but the continued listing requirement for the Global Market is only $5 million under Standard 1. If RAMR couldn't even hold that, it could drop to Capital Market, which has a minimum market cap requirement of only $1 million. So, RAMR doesn't appear to be in any danger of delisting for a long while. The various Nasdaq listing requirements are in this PDF document:
I have no interest in RAMR because the volume is too low for the trading I do. I did a search of your messages from the ABK board, and saw your post here. You helped me discover GNW, and I made some big money on that, so thank you and Happy New Year. I'm still in ABK, hoping for further commutations, FASB Statement No. 157 mark-to-market rule change, and possibly TARP or other govt help for bond insurers. Still checking your posts on ABK every now and then, even though you've turned negative on it.
Thanks. Does NASDAQ have the same de-listing as NYSE? 'Cuz if so, even if they are notified, they get a 30 business days than 6 months to rectify.
That is ancillary, just I've seen stocks (SYCRF) get demolished when suddenly shifted to OTC BB or Pinks.
The other items perhaps you could elaborate on later?
Happy new Year
Short on time, but I can respond to one item!
The delisting hasn't really been a topic of conversation because they hit that $1 plateau as recently as early November, and in late August or early September prior to that. I wish I could provide more facts, but I don't believe they have even been notified by Nasdaq at this point...
...not to forget, Nasdaq has temporarily suspended their delisting rules.
I've been following RAM, and bought a load @ .30. You guys seem knowledgeable, and I want your take on a few developments.
i) Any idea if this has de-listing proceedings going on?
ii) Did you guys know that RAM also commuted with Ambac, but didn't publicize it? It's in Ambac's 10-Q. I wrote to IR about why.
iii) ABV is $17. That's pretty ill. Not saying it will get close to that, but good reference.
iv) Any idea, since 5 of the 7 primary cedants to RAM have been taken care of (Syncora, Ambac, MBIA, Assured/FSA,) what FGIC and CIFG status is?
Happy new years indeed.
Check out the block at .29 and .35, that is the trading range that the MM is setting up. The are trying to panic people and making them place GTC orders in that range and once the MM sees an nice chunk, they scoop all it up and then they drop the sp down on 100 shares! Who else would sell 100 shares at .29 and pay a commission of $10 bucks? Take a look at the day's volume and price chart, it tells the story.
What the MM is trying to do is panic people and make them place GTC orders in that range.
STOP SHOWING YOUR CARDS TO THE MM AND CANCEL ALL YOUR GTC ORDERS....better yet RAISE YOUR ASK, if you have level 2, you can clearly see that the blocks on the BID side are bigger than those on the ASK....I've got GTC orders of 5000 at .61 and 10,000 at $1 and they don't even appear on level 2! Go figure!
I'm not a tech analyst but I think that the charts are forming a head and shoulder formation, a double bottom and we should see the next leg up as it has fills the gap from the last run to .81
That's just my humble opinion, what's yours?