To meet the minimum market capital condition for continuing listing on nasdaq capital market.
Oct: 3rd $0.66mln (receivable from seatle sale).
Dec 2. $1.4mln (elimnates all secured debt)
Jan. 28 $0.9mln (litigation settlement)
If the Q4 did well, the fundamentals will be sound.
WOW, the stock should be back to $1+ in a blink.
That is the game played here between WS analysts and FB. The same game played with google long time ago. So did LNKD etc.
When FB starts increase investment, all the analysts start crying, NO, wa wa waaaa. But after a while, if the company is doing just fine (bottom and top lines). They will stop crying eventually. Apparently, crying does not work most of the time, in truth.
Okay, my guess is just opposite, I might be wrong, though. Without the uncertainty from FED etc., the funds managers will start shopping again. So, my guess is that market will reverse to upside again in the remaining trading days and next week. Think that apple and many other stocks are nearing the dividend paying date! Techies are good. Energy and raw materials are the sectors to avoid. FED says, economy is growing solidly with inflation way below target. The rate will be kept near zero for at least 9 more months, IMHO.
When the mess of bitcoin gets cleaned up. This company should be okay. No BK needed.
Might be easily taken over by a bigger fish.
INTC just showed a good sign to the market. Expecting bounce of the market tomorrow.
Revenue and guidance both inline. Earning beats estimate.
PC sales are good.
At least the downward trend is over. S&P average PE of 15-18 will give the stock value of $60-80.
Should buy at this level.
That was the only obstacle. He is slow in response to the holding and preparing for the next trial. Not a good management team with him.
This company messed up the CC after good ER twice this year. Once in May when it reported Q1 results. CEO's improper comments sent the stock down from 62 to 51 in three days. This time the CFO made improper answers too causing the stock to drop from 83 to 73s (up to now). What a low ball management team!
First hour transaction volume of 1.2mln. Stupid CC, it ruined a great earning report.