Very soon our stock will have been below a dollar for 30 consecutive days. Sh!t is about to hit the fan.
8 replies (most recent on top)
@1smo+1rggSaKj, what other edtech companies have survived (well) with such a bleak outlook?
@1smo+1rggSaKj reverse split only gets you so far. There's a market cap minimum too, although I don't know what it is.
Not something we have to worry about honestly. The way it works is once you're under $1 average for 30 days you get a notice. Then you have 180 days to get about $1. However you can appeal that and get an additional 180 days tacked on. So then after a full year if you're still under $1 you can just do a reverse stock split and make 10 shares = 1 and then bo-m. Back to 2$
From what I can glean from Google, it looks like being delisted means the company has a time frame (6 months I think) to meet market regulations to be relisted. So, it's not like being delisted means the company shuts down the next day. However, what I can't find is what happens at those companies during those 6 months...
Consortiums are coming. That means they’ll put a bunch of students from different university partners into one classroom and act like that’s not a disservice to the student experience.
Asynchronous Learning Platforms?!?!?!?!
The word is getting out.
https://gwhatchet.com/2024/02/26/online-education-provider-gw-partner-faces-financial-decline/
Yup was just looking at that. January 30th was last day stock was over $1. Can anyone explain in layman's terms how delisting works, etc?