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Advanced Micro Devices, Inc. Message Board

gbor 5 posts  |  Last Activity: Jan 23, 2015 4:08 PM Member since: Dec 19, 2008
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  • 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.
    Suspension 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.
    Delisting Procedures
    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.

    Sentiment: Strong Sell

  • BK next

    Sentiment: Strong Sell

  • Reply to

    What's happening by Nov.22?

    by longfellowsss Nov 6, 2014 10:27 AM
    gbor gbor Nov 18, 2014 7:32 PM Flag

    i see the NOV2.50 being wipe-out too!

  • Reply to

    What's happening by Nov.22?

    by longfellowsss Nov 6, 2014 10:27 AM
    gbor gbor Nov 18, 2014 7:16 PM Flag

    The day more morrons lose their shirts.

  • The bonds not recover the recent drop, price of coal remains very low, Rio and BHP keep dumping, i see ACI,ANR and WLT trading on pink sheets next year as they will all continue to bleed cash. Fewer analysts follow theses stocks. Don't sell now wait till they trade around 50 cents or less lol. Next BK like James River.

2.45-0.02(-0.81%)Jan 23 4:00 PMEST

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