last day to lay down your bets. If you in and O doesn't come back, the long s lose a further 1.44. If O comes back, the shorts lose 14.44 at least. No ownder the stock is up. The shorts have a much harder time to sweat it out. I am long. I don't care if I should lose another 1.44. I already lost 15, what's another 1.44. But, if O comes back, I will recover all my losses, and probably a nice profit. Delist or not, I will stick it out to the end.
TO CLOSE THIS TOPIC.
What happens when nasdaq delisting and why?
Even Takeda trade on OTC. NO Big deal for AFFY to trade on OTC. It is by choice AFFY is trading at OTC now.
Lesser compliance and reporting to take care of while at OTC.
Company has shifted all it's operation to Takeda so no existence of its own. But deal of one time payment and royalty is worked out for shareholders.
Delisting Determination,The Nasdaq Stock Market, LLC, July 19, 2013, Affymax, Inc. The Nasdaq
Stock Market, Inc. (the Exchange) has determined to remove from listing the common stock of Affymax, Inc. (the Company), effective at the opening of the trading session on July 29, 2013. Based on review of information provided by the Company, Nasdaq Staff determined that the Company no longer qualified for listing on the Exchange pursuant to Listing Rule 5101.
The Company was notified of the Staffs determination on May 28, 2013. The Company did not appeal the Staff determination to the Hearings Panel, and the Staff determination to delist the Company became final on June 6, 2013.