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Proxim Wireless Corporation Message Board

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  • ayersjj4 ayersjj4 Apr 23, 2009 8:03 PM Flag

    Why would they want to delist voluntarily?

    Maybe they want to be pro-active about things. I noticed they could have reversed split their 23,000,000 shares to almost nothing just to maintain Nasdaq listing. That wouldn't makes sense. This company is probably the best OTC:BB going @ .10 Personally, a good bet that they want to focus on business for the short term prior to relisting or selling the company. I think the float is only 14,000,000. It wouldn't take much from Time Warner, Viacom or others to gobble this thing up for a couple of bucks. Nice risk reward IMO.
    J

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