Hopefully they will keep it in place to assure $1.00+ stays for a while. They'd have to be under $1.00 for 90 days to be back on the delisting list again.
I believe so. Tomorrow should be 10 trading days above $1.00, and that is what they require to remove the delisting threat. Hopefully when the delisting threat is removed, they will go up a few more pennies. I'd like to see them buy back another 500k shares too.
Need to close above $1.00, for 10 consecutive trading days, to have delisting notice lifted.
9 more to go!!! If anyone is going to buy, buy at the close with $1.00 Limit Order.
Someone has a large bid at yesterdays close, so the share price will not be going down today. It will either go up, or fill the bid at opening price. Preferably up.
.... If company announces another 500k share buyback $1.00+
Share price should be $4.00+ already. Ideally $7.00+
Most likely they sold to get more cash to buy back shares when needed.
If earnings are good, they will get over $1.00.
If in line, or not so good, they will announce another 500k buyback.
They have the cash, and will not allow stock price stay under $1.00 and be delisted. $1.00+
Yes, several owners make up the 60%, but those are "Insiders" shares, so they will work together to come up with what "they" think is a reasonable price, but it may not be what we want. If under $5.00 buyout, I wouldn't be happy.
If they go "private" you actually have no ownership in the company. They make a tender offer to "buy" the company, Shareholders vote, and if passed, you are forced to give them your shares at the price voted on.
Yes, but.... Insiders own 50%+ of the shares. No matter their offer, they can pass it. Just hope we don't get "screwed" if they low balled it. Should not get less than $5.00 a share if they were to actually buy out shares.
If they were smart, they'd purchase back shares through an authorized buyback program. That would make fewer shares that they would need to buy, if they were to go private.