Not unexpected. http://investors.cci.edu/secfiling.cfm?filingID=1437749-15-699&CIK=1066134
12 replies (most recent on top)
(made you look)
Holy Crap! Stock just went up to 85 cents! WTF?!? I guess Jack DID reverse split it like 57905 suggested. Excuse me while I leave to cash out my wad...suckers! Or maybe just hold off a couple of days so it can get up to $1. Wow!!!
If you're just arriving, this thread is lame. Go on to the "funny" one that's next - much, much better!
911 -- I see no problem buying the stock. The thing with penny stocks is you can buy 1,000 and feel like a big shot. You won't make much money, but you can't lose much!
Yeah, keep buying up that stock, Dude! Chance of a lifetime!
908: No, 905 isn't wealthy, he's a CCi adjunct finance instructor. As they say, those who can...
905 - Well, you've certainly demonstrated an understanding of the stock market! So, let's get this straight: 5 yrs ago stock $13.84, 4 years ago $5.44, 3 years ago $4.51, 2 years ago $2.86, 1 year ago $1.32, today $0.06. And all this time all Jack had to do was reverse split it! Wow, what a genius you are - I take it your financial savvy has made you millions?
This is just another step towards cci becoming nothing more than a fond memory. Except for the fond part.
901- Changing the stock price is easy, since it only takes a (reverse) split. There are capital requirements too, and generally the capital requirements are difficult to solve. It won't be long until there are other problems.
"The Company may be delisted during the 180 day period for failure to maintain compliance with any other listing requirements for which it is currently on notice or which occurs during this period."
And we don't want to discuss the lack of financials.
"get the stock above $1 again"???? LMFAO!
Jack and company have their work cut out for them to try and get the stock above $1 again. If they can strike a deal with the California AG and get her off their back, that might just do it.