Told you guys, you "moron". Stick to the facts and you'll do better.
5810(c)(3)(A)(i) Global Select Market and Global Market
Bid Price is the only grounds on which the Company has received a deficiency notice. The Company has already announced its intent to cure the deficiency so based on conditions to-date it will move to Capital Market. No delisting.
My interpretation only and nothing to do with OP.
"In the event the Company does not
regain compliance within the 180-day grace period and it meets all other listing standards and
requirements, the Company may be eligible for an additional 180-day grace period if it transfers to
the Nasdaq Capital Market.
The Company intends to cure the deficiency within the prescribed grace period."
If by "prescribed grace period" they meant only the one that ends October 15th then they should have done the reverse split by now, and since they didn't they did blatantly lie.
If instead they intended that "prescribed grace period" may include the additional 180 days, then we should be hearing sometime before October 15th that they are moving to Nasdaq Capital Market.
All statements need to be taken in context they were made. Those who invested in 2006 certainly were not stupid. And I love that GE invests in art, if it weren't for rich people supporting the arts we would have none. That is not a world I would want to live in.
Point being, it's more likely the more whiney posts we see from shorts, the closer we are to recovery.
Is he still calling investors "Stupid" and did he ever or was that a rumour? I remember that was a big complaint on this board in 2006 back when the stock was around $14 and just before it went over $100 in less than a year. Seriously I remember that. And ever since I wondered about it from time to time.
So it looks like the warrants will be exercisable at fair present value, but the underlying stock will trade on intangibles like perceived future value, speculation...among other things like PANIC for instance when shorts look to cover at 2 bits and can find no one who will sell under 1.50.
Who would want to sell a fairly valued company in a cyclical industry with no debt at the very bottom of a cycle and recovery on the near horizon...and a strong vote of confidence from its creditors?
The deal reflects optimism for the company and the recovery of the dry bulk shipping industry. We are not wiped out. I am happy with the warrants.
They really shouldn't be using words like "the hope is". That sounds weak. Say "We expect". Then we can see if their expectations were correct.
They sounded rattled, as if they were watching the AH quotes tumble as they were trying to talk. Definitely not as impressive as the last CC, unfortunately.
I suppose then one should have sold on 11-12 Dec 13 ....
Where do people get this stuff from...geez.
I think the shorts on this board must really be longs in disguise, they just want to scare people away so they can get the shares cheaper. Nobody can be that clueless who spends so much energy posting, or at least it would be pretty sad if they WERE that clueless.
It must be REALLY frustrating for a short when they could have made so much money on the market pullback, yet they were stuck in this stock which is only going higher!
There is a known direct correlation between the dryness of the humor and the level of intelligence that creates it, and that catapult humor is about as dry as it gets!
Those opening gaps UP since yesterday show more fear than any posts on this board can, either way.
1.4 days to cover (as shown on the nasdaq site) does not sound like such a large short interest given all the attempts on this board to bash this as a "garbage company".
No charting expert but it looks like possible "W" formation with a nice negative convergence on the MACD between the two support points. That is strictly chart observation for the long side. Low volume could be just holiday and is a misleading indicator of anything at all.
BTW did the company who built healthcare website consult on this one too? This interface is terrible. What's with all the overlapping sections.
There IS an involuntary aspect to the offer - we must tender before a certain date, or the option to tender disappears when the offer expires. And the date could be a little earlier than the official expiration date if the stock is held through a brokerage, to give them time to complete the transaction. So it would be a nice courtesy for them to make a phone call.
Who knows, if the investor is uneducated the offer email could have got hung up their junk mailbox and they never saw it, or If they're REALLY uneducated they don't even read the yahoo message boards LOL. Hopefully there are not enough uneducated holders left to make a difference any more!