Believe I was able to find it. NORN. Guess the executives aren't working today so no press release.
No volume and bid is 38.5 cents. Ask 93 cents and zero volume. Imagine it will get better next week but that is the worst transition to the OTCBB I've ever seen. Having said that I've only followed 3 companies where this happened.
Normally companies issue press releases with this information but I've not seen anything.
Yep that sounds about right. I come up with $1.15 but that essentially is the same number you came up with and the number creeps up day after day to the point where they have to get to around $1.50 a share.
Depending on how the rule is administered it seems reasonable to assume no trading on the NYSE effective Friday.
He may want to be let go so he can collect his golden parachute.
Not saying he actually wants to be let go, I'm just saying it is in his financial interests to be replaced.
I'm not sure about who was selling but delisting is a distinct possibility given how low their market cap has become. Pink sheets wouldn't necessarily be the end of the world but $1.06 a pound reflects very poorly on management.
Garbage. They not only have the revolver, they also have the $20 million plus in cash surrender value in life insurance.
I can't say with certainty how long they can survive with aluminum and alumina prices at this level but it is likely a couple of years assuming they can avoid another explosion.
Have not listened to the call yet but they have revolver availability. Bankruptcy may ultimately come but they should be around a year from now.