Digiliti Money Group Inc. (fka DGLT)

[Lone Wolf]

Ha ha!! Just messing with folks!! That news is great!! Now I'm wondering if Urban can simply submit their financials as the surviving entity so they can stay on the Nas?

[UP Trend]

How did you sell when it's halted?

[UP Trend]

Curious if it opens on OTC or Nasdaq, think last PR said it was on OTC but that was before merger news so who knows, things may have changed with merger. Either way we should be golden with this news.

[Lone Wolf]

Sorry fellas...I'm out! I sold all a week ago!!

[Bernija1]

Yep I think we are going too see a lot of eyes here, maybe open around $2 or higher!

[UP Trend]

Thanks, looking forward to see how this opens and where.

[Bernija1]

https://www.digilitimoney.com/ on the slide show of their website.

[Bernija1]

Posted on stocktw$ts DGLT

[Bernija1]

I Have learned a long time ago never to say I told you so! We are doing fine here thanks for asking DGLT

[UP Trend]

Great news!!

[Bernija1]

It's done we have a Merger!! https://www.digilitimoney.com/merger

[Bernija1]

Get ready to cover, Merger done deal!!
https://www.digilitimoney.com/merger

[Bernija1]

Merger is done!! https://www.digilitimoney.com/merger

[Bernija1]

Merger announced!!! https://www.digilitimoney.com/merger

[jokerwild477]

shit,im pass the when part,im at the how much part....JOKER

[hwllo]

When will this trade again though ?

[Oger]

Hopefully, outstanding shares remain the same too.

[Oger]

What we have here folks is a 10 bigger open!
Now 2 companies in 1!

[Bernija1]

Urban ft's new board member announced with 8K to dglt board, this merger is happening!

[Bernija1]

8K looking good!

[zazookaz]

BOOOM!$$$

https://www.sec.gov/Archives/edgar/data/1487906/000149315217011026/form8-k.htm

[jokerwild477]

I dont like the word RESTRUCTURING in the pr

[Oger]

Why is this such good news???

[zazookaz]

BOOM$$$$
https://www.digilitimoney.com/news/press-releases/digiliti-money-plans-to-voluntarily-delist-from-nasdaq

[kt1120]

How is halt life treating you guys? Told you so!

[jokerwild477]

I think they waiting to be kicked off the nasdaq before the next move,,,wheathert good or bad...I cant understand why they havent kicked us off yet,,,whats your reasoning?

[Oger]

Or .?.. Urban may take it private and buy us out and never trade again

[Oger]

Remember. You getting 2 companies for 1 price. Should open at least
$2 a share based on that alone

[PeanutR]

I think everyone should sue this company. They are fraud and stole your money. Will they ever trade again? If so at what price .10? Horrible management. I think they will dilute hard after this starts to trade again. All OTC companies do this. What a shame.

[UP Trend]

Isn't it past Sep 20..

Based on the discretionary authority given to Nasdaq under Nasdaq Listing Rules, Nasdaq has given the Company until September 20, 2017 to submit a plan as to how it intends to regain compliance with Nasdaq’s continued listing requirements. The Company’s Board has determined that, while some of the listing disqualifications can be cured promptly, others would require significant capital and resources that it does not have. The Board has also determined that allowing the delisting of the Company from Nasdaq would facilitate financing as well as current M&A and restructuring opportunities, which would be more time consuming and costly to complete while on Nasdaq. As a result, the Board believes that it is in the best interest of the Company to delist from Nasdaq to facilitate its current restructuring plans. If the Company is delisted from Nasdaq, it intends on applying for listing on one of the OTCQB, QX or PK markets once it satisfies the appropriate financial reporting and other listing qualification requirements of such market.

[jokerwild477]

still filing,,they not going any place.....

[jokerwild477]

there are a couple of things i find mind bogglin....less than two weeks to become compliant and 3 days later no action,,,still say they want those .20 cents shares back...and its not the companys doing......JMHO

[Gamblin_Pennies]

DGLT Board of Directors has already informed NASDAQ of its intention to delist.

[jokerwild477]

its the Based on the discretionary authority given to Nasdaq under Nasdaq Listing Rules, Nasdaq has given the Company until September 20, 2017 to submit a plan as to how it intends to regain compliance with Nasdaq’s continued listing requirements.....whos zooming who....................................

[Lone Wolf]

Company has to commit to the process for an OTC listing. Then they need an MM to commit to supporting the trading of their stock.

Usually not an issue. If the company fails to take the necessary steps to ensure this can continue to trade, they are in breach of their fiduciary responsibilities and can be subject to legal action.

With the merger in play, I would think the last thing the the acquiring company would want is for them to inherit these legal legacy issues. The recent 8k's suggest the company is taking care of business...at their pace...not ours.

Shares can't simply be cancelled absent a BK procedure...that would be tantamount to theft. It's at a crawl, but yet moving forward. The last 8k was a significant one...IMO.

[jokerwild477]

What Is the Delisting Process for the NASDAQ?
Under what circumstances can a company be delisted from the NASDAQ, and what is the procedure?

PHOTO: FLICKR USER JULIAN GONG MIN

Companies that want to list their stocks on the NASDAQ need to meet a pretty long list of continuing requirements. Just to name a few of them, listed companies are required to:

Maintain a share price over $1.00
Maintain a $1 million valuation for all publicly held shares
Have a minimum number of stockholders – as low as 300, but varies depending on the type of listing
Maintain a minimum amount of stockholder's equity or minimum market value of all listed securities or produce net income above a specified minimum
Distribute annual reports to shareholders
Have a majority of independent directors on the company's board
Have an audit committee consisting solely of independent directors
Adopt a code of conduct applicable to all directors, officers, and employees
Hold an annual meeting of shareholders
Disclose all "material news" – defined as information that would reasonably be expected to affect the stock's value or influence investors' decisions
Pay annual listing fees, which range from $32,000 to $155,000
If any of these, or any other published requirements of the NASDAQ, are not met for a period of 30 consecutive days, the exchange can start delisting procedures.

Deficiency notice
If a company is in violation of the continued listing standards for a period of 30 consecutive days, the NASDAQ sends a "deficiency notice." The most common reasons for a deficiency notice are a share price that falls below $1.00 or a market cap that falls below the stated minimum (as low as $5 million if other requirements are satisfied).

Once a deficiency notice has been sent, the company has 90 days to comply with the continued listing standards, or 180 days if the violation was for a sub-$1.00 share price. In order to be compliant, the company's share price or market cap must rise above the minimum for at least 10 consecutive days in the 90-day (or 180-day) period.


Of course, becoming compliant for violating some of the other requirements is pretty straightforward. For example, if a company receives a deficiency notice for failing to pay its listing fee, the fix is obvious -- pay the fee.

If the company fails to comply
If the conditions that triggered the deficiency notice are not met in time, the NASDAQ will then send the company a delisting letter, which must be disclosed to the public within four business days.

There is an appeal procedure that a company can use, if it feels that it doesn't deserve to be delisted or if it can regain compliance in a reasonable amount of time. Once the company receives the delisting letter, it has seven days to request a hearing with the NASDAQ listing qualification panel to present its case, which postpones the delisting process until the panel makes a decision.

Unless an appeal is filed, the company's stock is halted, and then delisted after seven days. If the appeal is rejected, the company also has the option to appeal to the SEC or in federal court. The NASDAQ gives the company an additional 15 days to do so, but begins its final delisting procedures during that time.


What happens after a company is delisted?
Keep in mind that the delisting of a company doesn't mean that the stock can't continue to trade. Delisted companies can choose to be listed on the over-the-counter (OTC) markets or on the pink sheets. There are some negative implications resulting from delisting, such as a loss of investor confidence, and potentially reduced access to capital, but it's not necessarily a death sentence. Companies can (and have) return to compliance and relist on the NASDAQ after delisti days.

[Gamblin_Pennies]

Where did you get that info? Also, what happens if Nasdaq delists, do we automatically move to OTC or is it possible to be stuck in limbo?

[jokerwild477]

Well tomorrow tells the story,,,,, the nas suppose to kick them off tomorrow,, right,then let's see where the boat floats to,

[Oger]

I think el chopo has made an offer on DGLT so he can transfer money in jail!

[jokerwild477]

pin drops....and i can hear it from across the room,,I listen more closely I hear teeth chattering and knees knocking,,,,,,,JOKER

[jokerwild477]

KICK US OFF THE NASDAQ ALREADY,,,PLEASE.....I NEED MY 5 OR 10 THOUSAND DOLLARS TO BUY MORE ......SPI.....JOKER

[Oger]

Nothing going to happen until the 29th or so
Until then extremely quiet

[jokerwild477]

watch nasdaq counter with 6 months offer...this a a great company that doesnt need to be on the otc....they need to man up UNLESS this is the only way to screw shareholders,,,,,,,JMHO

[Oger]

If DGLT is valued at $1.10 a share , what does a Urban FT add to this per share?
At least the same , looking to open @ $2.10 or more.

[Oger]

FORGET GOING TO THE OTC, TAKE US PRIVATE!

[Oger]

Why not take the whole thing private and pay us off?

[zazookaz]

OTC=less restrictions... might pop another 500% at open. no halt. freaken nasdaq

[Bernija1]

I doubt that... it'll probably hit a low of .50-60 then bounce up and down during the 1st day it opens, urban may not even go public when the R/M happens, they have not pr'd anything saying they are, we do know the r/m is around $1.05 pps as per the pr. So we wait and see.

[Oger]

lol wolf!

[Lone Wolf]

I think it looses 99% of its value at the open on the OTC. Figured why not join the clown show!!