Tuesday, October 25, 2016 2:03:01 PM
From Today's Q&A by Tiffany Madison
Did MGT know in advance about the delisting? / When did MGT management know about the delisting?
"At 4:03 pm ET on October 19, MGT received a press release prepared by NYSE and was notified of its impending dissemination. The NYSE stated it made repeated attempts to contact MGT earlier, however none of our official points of contact reflect theses attempts via voicemails, missed calls or emails. NYSE halted, and subsequently suspended, trading and issued the news. At 4:23pm ET, the Company received the actual delisting letter via email."
I call total BS on her statements that they had no clue they were being delisted, that they were never contacted and that the NYSE never provided reasons. They would have been informed weeks in advance, they would have been sent Registered Mail that they would have to sign for, there would have been messages left. Their attorneys of record would have been informed.
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