"You don't find that suspicious?" Not really yahoo/aol/msn/cnbc etc etc has been screwed up the whole month of aug .And it cost these sites money to bring articals/news/stories in there not free from copyrights $$$ .Their server location could be culprit ie heat moisture winds from storms and repairs and just lack of attention due to the summer ?just a guess ? But I do think it would have moved the stock a little but it would have short lived .The ball has always been in ge court and he has never held his serve .he stinks
More fluff .Now if they would do a PR that states GE was kicked to the curb !!!! stock would be over a buck and a half and climbing right now .
Form 8-K for MAGNUM HUNTER RESOURCES CORP
Notice of Delisting or Failure to Satisfy a Continued Listing Rule o
Item 3.01 Notice of Delisting or Failure to Satisfy a
Continued Listing Rule or Standard; Transfer of Listing.
On August 31, 2015, Magnum Hunter Resources Corporation (the "Company") received notice from the New York Stock Exchange (the "NYSE") that the Company is no longer in compliance with the NYSE's continued listing standards for the Company's common stock because the average closing price of the Company's common stock has fallen below the NYSE's per share price requirements. Section 802.01C of the NYSE Listed Company Manual requires that the average closing price of a listed company's common stock be at least $1.00 per share over a consecutive 30 trading-day period. As of August 26, 2015, the average closing price of the Company's common stock over the preceding consecutive 30 trading-day period was $0.99 per share.
Under the NYSE's rules, the Company has a period of six months, subject to possible extension, to regain compliance with the NYSE's continued listing standards. The Company can regain compliance if, during the six-month period following receipt of the NYSE notice, on the last trading day of any calendar month, the Company's common stock has a closing price and a 30 trading-day average closing price of at least $1.00 per share. The Company's common stock will continue to be listed and traded on the NYSE during this period under the symbol "MHR," but the NYSE will assign a ".BC" indicator to the symbol to denote that the Company is below the NYSE's quantitative continued listing standards. The Company plans to notify the NYSE that it anticipates that this price deficiency will be cured and that it will return to compliance with the NYSE's continued listing standards prior to the expiration of this six-month period.
The non-compliance with the NYSE price listing standard described above does not affect the listing
Don't know about $.50 but certainly lower if ge continues his cat and mouse game with wallstreet .they wont put up with him/company much longer .Yes it can get worse .
One of the main responsibilities of board members is to maintain financial accountability of their organization. Board members act as trustees of the organization’s assets and must exercise due diligence to oversee that the organization is well-managed and that its financial situation remains sound. Here is an outline on how board members can fulfill their role as fiduciaries.
What does fiduciary mean?
Fiduciary duty requires board members to stay objective, unselfish, responsible, honest, trustworthy, and efficient. Board members, as stewards of public trust, must always act for the good of the organization, rather than for the benefit of themselves. They need to exercise reasonable care in all decision making, without placing the organization under unnecessary risk.
IRVING, TX--(Marketwired - Aug 6, 2015) - Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) (the "Company" or "Magnum Hunter") announced today that the Board of Directors has appointed Keith Yankowsky as Executive Vice President and Chief Operating Officer effective September 1, 2015. Mr. Yankowsky, age 50, will report directly to Gary C. Evans, Chairman and Chief Executive Officer of Magnum Hunter.
Mr. Yankowsky brings more than 28 years of engineering experience, including operations, drilling and completions, within large independent oil and natural gas companies focused on both conventional and unconventional resource plays. Prior to his appointment at Magnum Hunter, Mr. Yankowsky served as Vice President of Appalachia South Business Unit at Chesapeake Energy Corporation ("Chesapeake") since 2013. During his nine year tenure at Chesapeake, he also held the title of Vice President of Engineering Technology and Special Projects and was involved in overseeing a variety of engineering and operational functions specifically related to horizontal drilling and fracture stimulation techniques within the Marcellus and Utica Shale plays. Mr. Yankowsky played a vital role in the discovery and development of many of the most prolific onshore U.S. unconventional resource plays for Chesapeake. In addition, he was responsible for the successful development and growth of certain Appalachian assets for Chesapeake and has overseen the successful disposition of some of these assets to other industry competitors. Prior to joining Chesapeake, Mr. Yankowsky served in various operational and engineering roles at Burlington Resources and Conoco Inc. Mr. Yankowsky earned a Bachelor of Science in Petroleum Engineering degree from Marietta College, Marietta Ohio.
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.
Don’t forget that the liar lacks empathy: As hard as it is to believe, it is true. The liar doesn’t have any consciousness of how the lying behavior may make you feel. The liar doesn’t think before he lies: “oh, I better not say that or I could hurt that person or mislead them.” The liar doesn’t care anything about your feelings and never will. A question many parents have asked their child who lies is: “Why don’t you just tell me the truth. Why is that so hard!?” As easy as it is for you to think this way, it’s not that easy for the liar. The liar lacks the ability to consider what you might feel in response to their lie (which is empathy).
PG bought Gillett at a baseball/football game can't remember which .BAC called Buffet when he was in the shower/bath to close their deal .BTW Buffett got the better deal .Gillett has been PG worst deal ever struck .Oh well .But yes a deal at leisure is still a possibility ? We will see .
If you disregard what a CEO COB with his time and money you r not performing proper Due Diligence .case in point HealthSouth Enron Tyco WorldCom etc etc etc .just saying .