Where is this elusive platform strategy? Layoffs are a temporary solution… it doesn’t address the real problem here. When you appoint a CFO as a CEO you assume big changes are coming. Yet he repeats the actions of his predecessor. Weeks away from the Q4 earnings call and the numbers don’t look good. Keep an eye out for comments made by Cathie and ARK. Take care of yourself guys.
3 replies (most recent on top)
...now under 80 cents. lulz
https://www.thestreet.com/dictionary/delisting-delisted#:~:text=A%20stock%20is%20%22delisted%22%20when,Jeremy%20Salvucci
Key points:
In many cases, delisting is mandatory and occurs at the discretion of a stock exchange after a listed stock falls below listing requirements for a certain period of time and fails to become compliant with the exchange’s standards again by the end of a probationary period.
If an investor owns a stock, but that stock gets delisted, they still own the stock, but its value is likely to decline significantly. Mandatory delisting is usually viewed as a sign of financial distress and can sometimes signal a forthcoming bankruptcy, which tends to decimate a stock’s value.
Can anyone explain what happens to a company after being delisted? I'm confused on what the consequences are once the stock is off the market.
It's at 81 cents at the moment, after closing at 85 yesterday. Who'll be popping some Josh at the delisting announcement, y'all?