Would rather get $0.05 on the dollar than $0.
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Well it's been 3 years after the original post and here I am still holding the bag at 25 cents per share with an impending reverse split. Lessons learned. It'll tank some more after that. Is there any positive outcome in sight?
Original post is not too far fetched now.. is it?
A reverse split is normally blood in the water for short sellers.
Reverse stock splits tend to be blood in the water for traders looking to short a company.
While there are many reasons to conduct a reverse stock split, falling share prices and market price requirements tend to be the main reason.
After a reverse stock split, investors need to be prepared to see the stock continue to fall.
don't think there is a real short term risk of BK, but long term is a real possibility if oil doesn't get higher than $50. we simply have too much debt.
https://seekingalpha.com/article/4099017-50-oil-work-denbury-resources-long-run
Me too. I finally just gave up hope and sold all of my employee stock at $1.58 per share. It was a hard pill to swallow, but I'd rather take some of the cash and take the loss now so that it can help with taxes over the next few years rather than lose everything. I would give anything to go back and sell it all at $20+/share. :(
I don't think delisting is their problem. I think bankruptcy or restructuring is their concern. Either way, the equity is lost in the matter. Let's hope it doesn't come to that. So let's quit with the negativity and just live in the reality of true possibilities. Delisting is of course a possibility, but I only think that's a real concern if oil gets close to or below 40 again.
What makes you think the stock is going to be delisted? Or are you just a troll spreading negativity? To be forced out by NYSE the stock would have to close below one dollar for 30 consecutive days. And then it would not be immediately delisted, that would just begin the delisting process. The company would be notified and would have time to take action such as a reverse split.