If the stock gets delisted, I understand any stock already owned is sc--wed, but what happens to the current funds waiting for the next purchase period?
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I am so depressed to think about what a fool I was to direct so much money into 2U stock. From the day we became public. I know I am not alone. However still stings.
@yzj+1r5ZPo0K, I have a few words to explain your thoughts about refinancing, but someone else can do it better.
https://www.youtube.com/watch?v=OxQ0Y5N7QlM
They get the debt refinanced. That’s the way. Period. The warning comes at 30 consecutive days below a dollar. That warning gives 180 days to get it back up. You truly don’t think the debt can get refinanced within the next 6 months? That’s 99% of the issue here. The stock price is not going to force bankruptcy and 2u’s lenders don’t WANT it to go into bankruptcy bc then they don’t get paid. All there is plenty of cash on hand and incoming revenue related to LONG term contracts to keep the lights on in the meantime.
After the delisting warning, they could do a 1:10 reverse split to con a few id--ts. SEC doesn't care how shady it is.
OP, the most likely thing that would happen is that funds currently waiting to purchase ESPP shares would be returned due to the ESPP program shutting down. I doubt ESPP would or could continue if the stock gets delisted.
Also you are able to withdraw from the program at anytime at etrade. This is a one way door, once you withdraw you can't get back in until the next enrollment, but that's probably not relevant any more.
Anyone still working at the company and thus still eligible for ESPP is prohibited by company policy from short selling or trading any sort of options on the company's stock, so if you're still employed by 2U you're violating company policy by shorting the stock.
Even if reverse split, would only drive price to $.75 MAX! I don’t see any direction to get this out of delisting territory 😢
https://www.nasdaq.com/market-activity/stocks/twou/after-hours
Consider shorting to the bottom, though it is a risk. Short squeeze is always a possibility. Or bid 10 cents for shares and see if anyone will sell. Then sell at 12 cents.