It's curious to me why the company would request a halt and then not release anything. Usually, the stocks that get halted by the SEC or the Nasdaq are the ones in trouble. Very strange. The company obvious has news that they don't want anyone to be trading on.
At this point, I'm thinking it is likely a buyout. I would like a premium over the shareholder's equity please, $3 per share.
It shouldn't take this long to put together a press release on sodium. Odds are they are in negotiations to sell the company. Oh well, we'll see.
There have been a wave of recent Chinese privatization offers. That would be the best case scenario.
Bad news (but not unexpected) would be a full refund to the customer for the sodium issue and a product recall.
Worst case would obviously be fraud.
Another positive is that it's a T1 halt which means the company requested the stock be halted. Usually when it involves fraud the SEC or the Nasdaq will issue a T12 halt for "more information" requested. That's what happened to TBET, which just started trading again today on the pinks.
I was kindof excited at first.... now the longer this goes the more i am worried. Why wouldnt they release good news live? It seems odd to halt your own stock for 2 days to release good news. But then again, what do i know. Time will tell.
That is strange. In my position balances, it still lists it at .3801. Not sure how Fidelity picked up .10 when it hasn't traded...
That said, the longer the halt goes the more likely the news is not favorable.
I would be very surprised if it was fraud since this company was more transparent and forthcoming than most of the other China's. My first feeling was that it was the results from the sodium test, but with the long delay now I'm not so sure.