It has been officially 25 days in a row that FTD's stock has been below 1. Does this mean that bankruptcy will be filed and jobs will be lost by next Friday?
7 replies (most recent on top)
FTD has received the notification from NASDAQ, they have 180 days to keep the stock price at above $1 for 10days or they may be delisted.
They were going to but changed mind later
how do you guys think the CEO's most recent letter about banks being constructive?
Don’t worry just look at the link in the other post! Business is blooming at FTD! Any day now the market will recognize it’s made a huge mistake and the stock will come roaring back to glory! Don’t worry just trust in what the CEO CDO and CTO tells you they will save you all!
Is delisting going to make a difference? I was thinking the debt/bank payments would be more important than delisting.
According to the article below, FTD will have 10 days to formulate a plan and respond to NYSE initial price violation notice it will receive in a week. The plan must be reviewed and approved by NYSE to permit FTD to stay listed and attempt to raise the stock price. If NYSE determines the plan won't work then they will flat out delist FTD.
https://pocketsense.com/happens-stock-falls-below-1-nyse-10639.html