Positives just keep mounting up !
An Army soldiers goes where he is told to go and fights who he is told to fight .This #$%$ did neither and cost lives of those who did the right thing .
""A reverse stock split is being proposed as it would increase the market price of our shares and would potentially make our Common Stock more attractive to a broader range of institutional and other investors." "
That is word for word what they stated back in 2012 ! The only thing missing was " that it would be a positive for our stakeholder's ! Take a look at SONS stock the had a R/S 1/5 back in January 2015 .
before April 15 .Firms need money to pay tax's .Shorting MHR was very profitable for them this year .No better way to spend those profits than covering a portion and pay uncle sam .imo
Baron Rothschild, the quintessential banking opportunist, is said to have advised that the best time to buy is when there is "blood in the streets. W.B. did state Rule # 1 Never lose money Rule # 2 was don't forget rule # 1 .
Headlines .Down Big A.H.
New York (AFP) - Oil prices rose Monday as the attractiveness of a weaker dollar offset news of higher crude production by Saudi Arabia.
The US benchmark, West Texas Intermediate for May delivery, closed 88 cents higher at $47.45 a barrel.
In London, Brent North Sea crude for May added 60 cents, settling at $55.92 a barrel.
Buyers were lured into the market by the weaker dollar, which makes dollar-priced crude relatively cheaper.
"A further decline in the US dollar index is supporting a wider round of buying across the global commodity space, with crude oil attracting some share," said Tim Evans of Citi Futures.
Oil futures had fallen earlier in the day after Saudi oil minister Ali al-Naimi cited a recent increase in production, showing the OPEC kingpin remains committed to competing for market share.
Bloomberg News quoted Naimi as saying Sunday that his country, the leading producer in the Organization of the Petroleum Exporting Countries, is pumping almost 10 million barrels of crude a day, compared to 9.85 million barrels a day in February.
Naimi called on oil producers outside OPEC to help boost falling prices as the cartel refuses to bear that burden alone.
"We refuse to take responsibility alone because (OPEC) produces 30 percent of market output and 70 percent comes from outside," Naimi said in remarks reported by the Saudi Press Agency
IMO HK should have been able to hold it's HOD ?
After Hours Time (ET)
After Hours Price
After Hours Share Volume
16:46 $ 1.63 4,600
16:06 $ 1.67 High 100
16:05 $ 1.62 500
16:02 $ 1.56 Low 200
16:02 $ 1.56 Low 200
16:00 $ 1.5961 100,000
Minimum Stock Price
Just because a stock’s price falls under $1 doesn’t mean that buying and selling stops. The stock can sell for under $1 a share for 29 consecutive trading days and still be safe from delisting. However, it must sell for $1 or more on day 30. If the stock sells for under $1 a share for 30 consecutive days, it's in violation of NYSE minimum price regulations.
Initial Price Violation Notice
The NYSE notifies the company if the stock price remains stuck under $1 a share for 30 or more consecutive days. The company has only 10 days from the day it receives the notice to tell the NYSE what it plans to do. The company has the choice of getting the stock price back up or being delisted from the exchange, and must submit a plan to the exchange explaining how it will increase the stock price. If the company opts for delisting, the NYSE can suspend the stock’s trading and start the delisting process.
The NYSE will suspend the stock’s trading if the company can’t bring the stock price back up or if it doesn't approve the company’s plan. To notify current and potential stockholders, the NYSE issues a press release announcing the upcoming suspension. After completing the suspension application, the NYSE sends it to the Securities and Exchange Commission. During this time, the stock continues trading on the exchange. However, if the stock price fell because of corporate fraud, the NYSE can immediately suspend trading indefinitely.
The NYSE sends a delisting notice to the company and issues a press release explaining why the company is being delisted. The NYSE notifies the press daily about how the delisting process is going. If the company doesn’t want to be delisted, it can appeal the delisting and request a review before the SEC. If the SEC denies the appeal or if the company opted for delisting, all trading stops and the stock is removed from the NYSE.