https://www.businesswire.com/news/home/20221230005020/en/Avaya-Receives-Continued-Listing-Standard-Notice-from-NYSE/?feedref=JjAwJuNHiystnCoBq_hl-W8j9Oi60kFTomUxRDB8jhBsNpnJw7dvSfTyni2BOVIOrCOi9QzgjCezTS3Nw_X6kJUrpSBm-Hav1w-UkdSlG3nDlC87j5HoE75BMeA8LaVacVjEfZIyqgxRRsuxHCTK2w%3D%3D&utm_source=dlvr.it&utm_medium=twitter
2 replies (most recent on top)
Who cares, they get a letter from the sec that stock has been below a dollar for 30 days, how long do they have to bring it back up to a dollar or more? Oh yeah, SIX FREAKING MONTHS. So within 6 months, they will be chapter 11 , stock will be delisted or above $1, so again at this point who cares, anybody that invested lost everything so might as well go for broke and use it as a tax writeoff for the next 100 years.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001418100/000141810022000121/avya-20221230.htm