There has been no word from the NASDAQ on the delisting, which is strange to me. One can only assume that management has appealed the delisting and is making their case with projections/plans that are not currently public information. Whether this is good or bad is hard to say, but at least the axe hasn't fallen yet.
Ochs - dont make these assumptions and jump to conclusions. I too make these rookie mistakes. Nasdaq makes up many companies and txcc may have fallen through the cracks but the delisting issue wont go away until you hear the resolution to the sub $1 problem they are facing.
I dont think this is good or bad but rather neutral news with no net affect on the stock price. All I know is that there are a lot of new investors who bought in at $.50 or less based on volume which will create an overhang on the price for some time.
I sure hope Ali knows this and makes a direct effort to drive shareholder value as the current price overprices the company based on current fundamentals. We need at least 75% of the story to unfold to gain credibility and cause a move higher. Dont forget - for a company trading at these levels there are quite a few followers and bulls that hold major positions which tends to indicate a potential move lower based on the contrarian view.
The axe has not fallen but it sure is dangling on thin ice.....be patient and dont let the the daily swings dictate your long term conviction if you are a believer. I still have my doubts.
You are calling me a rookie? You have a couple of thousand shares and I have 114K and I am the rookie? You are the neophyte. I have been in this stock for over six years and know the company inside out. I have always said that it was a gamble.
PS: Your all knowing narrative is extremely annoying, because you don't know caca.
what plans? that is jumping to conclusions and will lead to capital loss. look at the ceiling the stock is struggling to defeat.... the overhang will last a while and a $1 stock price is more than 100% gain.
tread carefully nakul and diversify because while this lingers, the rest of the NAS continues upward.
Obviously I am crazy long TranSwitch, but imo the longer the NASDAQ goes without delisting the stock, the greater the chances are for a positive outcome. They need to get the stock price a whole lot higher than a buck if they expect to attract institutional investors. Currently , less than 15% of the stock is owned by institutions.