nubu87's finding about SAVB's halt under T12 brings some cheer to this board. KITD shareholders were hoping for a buy out offer to be accepted by 12/12/12, but, this T12 code brought some pessimism.
The trading in SAVB was halted around 9:01 AM today, and, the news of buy out came at 10:43am EST
"Thursday, December 13, 2012, 10:43am EST
SCBT Financial Corp. closed its deal to buy The Savannah Bancorp Inc. for $67.1 million".
today s reply...
Thank you for your email. The Company is aware of the current trading halt. While we regret the effect this is having on our shareholders, we are currently considering our alternatives and response and expect to provide further information early next week.
Thanks for your patience,
Questions for the bashers:
KIT digital, Inc. Announced Receipt of Notice From NASDAQ on 12/10/12, but, why not any company announcement on 12/11/12 or 12/12/12 about NASDAQ's additional ifnormation request?
First, Nasdaq required that the plan must be submitted to it no later than December 18, 2012, then, why suddently halted the trading, and, that also on 12/12/12 the day buy out offer was going to expire?