if and when notified, company is given 6 months to regain compliance before any delisting.. However, . If they do become c/f positive this qtr, as stated in cc, I'd be happy to buy at these levels no matter which exchange they trade on.
This guy buys this many shares while the company announces liquidation because financially unable to continue. I got to believe somebody trading on inside information if this lift is warranted?
$10M coh, $100M revolver. Cost cutting programs initiated by management seem to be effective. They're even predicting c/f positive 4th qtr this year. If alum prices remain depressed NOR has close to two years to ride out depressed commodity prices.
I believe now is an excellent time to build position in this stock. With any positive action in alum prices this stock goes to $5 easily!
just bought back 5 $2 covered calls @ .40, thinking that each contract post split represented about 6 shares and cost would be about $12. To my surprise I paid 100 x .40 to buy them back...Is that write?
KEG plans to respond by 8/17 and 'reverse split' is on the table. Personally, I don't think a reverse split will be viewed as adverse since market cap is already so low.