https://www.highereddive.com/news/2u-at-risk-of-being-removed-from-nasdaq/710606/
4 replies (most recent on top)
WSJ is looking. And it's not good
They dont have to bring up the stock price, they can do a reverse split. 10 shares become 1 share, and the value of that share is $4.00 in stead of .40 cents. Problem solved.
It’s not clickbait. It’s called the reality of the situation and folks should stay informed. Just because they have 6 months to bring it up, doesn’t mean they will be successful at doing so. So where is the plan for accomplishing this task? Refinancing their debt to go further into debt because there is no plan for the company to make money to actually pay the debt down? Oh, okay.
Its just clickbait. Nothing new at all. They have 6 months to get the stock above $1 or they can do a reverse split. And the going concern language is a scary way to say they have to refinance their debt, which they plan on doing.