If this car wreck is under $1 for 30 consecutive days (which it will be) it will be de-listed at which point the woke mo--ns and lunatics trying to run this company will be forced by the Bondholders to put it into Chapter 11. It may happen sooner than that of course.
9 replies (most recent on top)
I wonder how many of the upper management got together and started buying lumen stock tens of thousands of shares at a time to drive the price up above a dollar so fast this morning….
It’s like watching a slow circling of the drain as we quietly sink….
'Huh. Didnt last a day under a dollar.'
Wait...
Maybe one of those green candles on our stock chart yesterday could affect a couple of board of directors seats. It's cheap to buy control without assuming debt.
Huh. Didnt last a day under a dollar.
Stansbury committed to not allowing it to be delisted. I'm guessing that they'll maybe try a reverse split if necessary, I'll definitely buy puts & shorts if and when that occurs. He also acknowledged that nobody would take on our debt (chapter 11 will indeed happen down the road)
So for those of you who are still delusional and believing there's light at the end tunnel...it's a train.
it will not delist
It's too late for a reverse split.
Reverse split 10 or 20 to 1
Here's a definition of Wokeism : There are people just sitting there, who are deliberately waiting, for the thrill of being offended.