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Post by rickf on Jan 6, 2016 19:00:41 GMT -5
I REALLY dont even want to bring this up but --- I was involved when Sirius went through this angst! I beleive that if a stock price stays under $1.00 for 30 days following Nasdaq issuing a"warning" - the stock will be delisted. IF this were to occur --- it is NOT good! Anyone else care to comment? I am so far under water on this equty that this would be the LAST thing we would need!! Never in a million years did I think that we would be were we are now! I thoroughly expected to be looking towards a retirement --- not now!
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Post by mindovermatter on Jan 6, 2016 19:01:51 GMT -5
I REALLY dont even want to bring this up but --- I was involved when Sirius went through this angst! I beleive that if a stock price stays under $1.00 for 30 days following Nasdaq issuing a"warning" - the stock will be delisted. IF this were to occur --- it is NOT good! Anyone else care to comment? I am so far under water on this equty that this would be the LAST thing we would need!! Never in a million years did I think that we would be were we are now! I thoroughly expected to be looking towards a retirement --- not now! 30 days under $1 then nasdaq warns them. MNKD then has 180 days to get compliant. |
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Post by doublebogey on Jan 6, 2016 19:21:54 GMT -5
30 days notice, 180 days to comply then up to 180 days to appeal/extend (i think) = 390 days (more than a year)
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Post by kc on Jan 6, 2016 19:27:20 GMT -5
I REALLY dont even want to bring this up but --- I was involved when Sirius went through this angst! I beleive that if a stock price stays under $1.00 for 30 days following Nasdaq issuing a"warning" - the stock will be delisted. IF this were to occur --- it is NOT good! Anyone else care to comment? I am so far under water on this equty that this would be the LAST thing we would need!! Never in a million years did I think that we would be were we are now! I thoroughly expected to be looking towards a retirement --- not now! Mannkind could do a 20 for 1 reverse split to get the share price up and to get the shorts destroyed. That would kill the shorts very quickly. To exchange the shares the naked shorts would have to be turned in and accounted for which would expose the naked shorts. |
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Post by Deleted on Jan 6, 2016 19:33:00 GMT -5
I REALLY dont even want to bring this up but --- I was involved when Sirius went through this angst! I beleive that if a stock price stays under $1.00 for 30 days following Nasdaq issuing a"warning" - the stock will be delisted. IF this were to occur --- it is NOT good! Anyone else care to comment? I am so far under water on this equty that this would be the LAST thing we would need!! Never in a million years did I think that we would be were we are now! I thoroughly expected to be looking towards a retirement --- not now! Mannkind could do a 20 for 1 reverse split to get the share price up and to get the shorts destroyed. That would kill the shorts very quickly. not advisable.. they will short it to a $1 again...( unless doing reverse split and then announcing a TS deal with lot of upfront $$$ ) Best to put energy into bringing back the business up.. they will go away |
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Post by afrizzle on Jan 6, 2016 20:10:08 GMT -5
I already had a hassle buying more from fidelity
Wasn't a huge amount just 20k shares and the made me go through a,series of penny stock disclosures and consents.
They said it was their fiduciary duty and wouldn't place the trade without it
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Post by dreamboatcruise on Jan 6, 2016 20:19:05 GMT -5
I REALLY dont even want to bring this up but --- I was involved when Sirius went through this angst! I beleive that if a stock price stays under $1.00 for 30 days following Nasdaq issuing a"warning" - the stock will be delisted. IF this were to occur --- it is NOT good! Anyone else care to comment? I am so far under water on this equty that this would be the LAST thing we would need!! Never in a million years did I think that we would be were we are now! I thoroughly expected to be looking towards a retirement --- not now! Mannkind could do a 20 for 1 reverse split to get the share price up and to get the shorts destroyed. That would kill the shorts very quickly. To exchange the shares the naked shorts would have to be turned in and accounted for which would expose the naked shorts. Why is there such a persistent belief that short positions remain naked. There is zero evidence of that. Would MNKD management have complained about shareholders lending shares if in reality shorts weren't even bothering to borrow shares? Do you know something MNKD management does not about how people are shorting the stock? |
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Post by dreamboatcruise on Jan 6, 2016 20:20:44 GMT -5
I already had a hassle buying more from fidelity Wasn't a huge amount just 20k shares and the made me go through a,series of penny stock disclosures and consents. They said it was their fiduciary duty and wouldn't place the trade without it I thought of buying some more... but I think my broker should require a complete mental exam before they allow me to do so. Evidence suggests there may be a chance I'm not competent to make such decisions. |
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Post by gamblerjag on Jan 6, 2016 20:23:17 GMT -5
Realistically, This stock would need to be under $1 for over one year after initial 6 months notice and 6 month extension, which they would get... this talk is mute.
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Post by rickf on Jan 6, 2016 20:36:54 GMT -5
Thanks gang - I feel somewhat better knowing that it is not something that could happen this spring!
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Post by ricguy on Jan 6, 2016 20:38:58 GMT -5
I REALLY dont even want to bring this up but --- I was involved when Sirius went through this angst! I beleive that if a stock price stays under $1.00 for 30 days following Nasdaq issuing a"warning" - the stock will be delisted. IF this were to occur --- it is NOT good! Anyone else care to comment? I am so far under water on this equty that this would be the LAST thing we would need!! Never in a million years did I think that we would be were we are now! I thoroughly expected to be looking towards a retirement --- not now! Dlisted is the least of our issues right now. I am much more concerned with the financial strength and bkrptcy here. You can argue chicken or egg theory but if we get the financials straight and Afrezza selling as it should the stock will take care of itself. A very tough road ahead. |
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