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Why? I think NO.
GLTA
Me too, hope to see some good news... I am sitting on around 60K shares Pre Split.. hope they will make some good Akquisitions with amount got from divestment of Holu Hou Energy and could again be listing on Nasdaq .. (?)
Delisting...On OTCQB they don't have to do RS and at some point they will go back to NASDAQ.. may be it's better so.. GLTA
LOS ANGELES, CA / ACCESSWIRE / September 5, 2023 / Crown Electrokinetics Corp. (NASDAQ:CRKN) ("Crown" or the "Company"), a leading smart glass technology company and an expert in both designing and installing distributed antenna systems (DAS) and constructing fiber optic networks, today announced that on September 1, 2023, the Company was notified by The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with all applicable requirements for continued listing on The Nasdaq Capital Market.
Doug Croxall, Crown CEO and Chairman stated, "We are pleased to have regained compliance with Nasdaq's listing rules. Now that we have regained compliance and cleaned up our balance sheet by eliminating nearly all of our debt, we can continue our focus on building both our electrokinetic film division and our fiber optics construction division. I look forward to hosting our investor conference call on September 18th."
The Company was also notified that, in
accordance with Nasdaq Listing Rule 5815(d)(4)(B), the Company will be subject to a "Panel Monitor" through September 1, 2024. If, within that one-year monitoring period, the Company falls out of compliance with the minimum equity requirement for continued listing on the Capital Market, and notwithstanding Nasdaq Listing Rule 5810(c)(2), the Company will not be permitted to provide the Listing Qualifications Department (the "Staff") with a compliance plan and the Staff will not be permitted to grant additional time to the Company to regain compliance. Instead, the Staff will issue a delist letter and the Company will have an opportunity to request a new hearing before the Panel, which request will stay any delisting action by the Staff.
https://finance.yahoo.com/news/crown-electrokinetics-regains-compliance-nasdaq-130000424.html
Full of Life and still more to come. IMHO
Does anyone know how it's taken out? Thanks!
The divestment of Borqs Technologies, Inc.’s (the “Company”) ownership in Holu Hou Energy LLC as previously described and referenced in the Company’s Form 6K filed on March 22, 2023, has been completed as of March 6, 2024.
SANTA CLARA, Calif., Oct. 06, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of 5G wireless and Internet of Things (IoT) solutions, today announced that it has received multiple non-binding indications of interest for its stake in Holu Hou Energy LLC (“HHE”) and a selected group of potential buyers have been invited to participate in the second round of due diligence and negotiations for the complete divestment of the Company’s interest in HHE.
As previously announced, the Company was mandated by CFIUS to divest its ownership in the solar energy storage subsidiary, HHE, due to national security concerns. Subsequently, Cantor Fitzgerald & Co., a nationally reputable investment firm, was engaged by the Company to initiate and manage the sales process of the Company’s ownership in HHE and has received considerable interest from potential buyers. The said transaction is on track to be finalized by the end of the year.
“Proceeds from the divestment will be used for the growth of our business, making strategic M&A, and we will also consider a share buyback program and/or a special dividend payout in order to enhance our shareholder value,” said Mr. Pat Chan, CEO of Borqs Technologies.
Yes, you're absolutely right! But now we have to look into the (near) future... hope that things turn out well somehow! Because nothing has changed in their business strategy and stocks can fly up all the more on the OTC. Will they be able to list on the Nasdaq again soon, or???
GLTA
Again news and new ticker symbol: BRQSF on Pink Sheet
Form 6-K
Effective when the market opened on October 27, 2023, Borqs Technologies, Inc. (the “Company”), began trading on the OTC Pink Market and its ticker symbol changed from “BRQS” to “BRQSF”. No action by the Company's shareholders is required with respect to the ticker symbol change or transfer to the OTC Pink Market. The Company’s CUSIP number will remain unchanged.
EXPLANATORY NOTE
On October 25, 2023, Borqs Technologies, Inc. (the “Company”) received notification from the Nasdaq Hearings Panel (the “Panel”), that the Panel has determined to delist the ordinary shares of the Company due to its failure to meet the terms of the Panel’s June 2, 2023 decision that granted the Company an extension until October 24, 2023 to regain compliance with the minimum $1 bid price requirement, as set forth in Nasdaq’s Listing Rule 5550(a)(2). Trading of the Company’s ordinary shares will be suspended on the Nasdaq Capital Market as of the open of trading on Friday October 27, 2023. Accordingly, the ordinary shares of the Company are expected to commence quotation on the OTC Markets (either OTCQB or OTC Pink Market) as of the open of trading on Friday October 27, 2023 under the current stock symbol “BRQS”. The transition to the OTC Markets will not affect the Company’s business operations and the Company will continue to file periodic and other reports under the Securities Exchange Act of 1934, as amended.
The Company has submitted an application to have its ordinary shares quoted on the OTCQX, which is typically a three to four week process for approval. OTCQX is the top tier of three markets organized by OTC Markets Group Inc. for trading over-the-counter securities, and is designed for established, investor-focused U.S. and international companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, and be current with their disclosure. There is no guarantee that the ordinary shares will be approved for quotation on OTCQX within three to four weeks or at all.
What is happening now? The price has collapsed again... GLTA
How low could it go?? The Market Cap only 8.33M. HHE divestment ongoing.. I am speechless.. GLTA
RS is coming. It will be higher than 1:60. Otherwise there is a great future for the company, orders are coming in. We'll see... GLTA
RS soon?
After 30. years anniversary on the NASDAQ I don’t believe they want it to delist. The company doing progress, it makes more sense to stay on Nasdaq and be accessible to wide range of investors. To pull a rabbit is possible, but I don’t believe it at the moment. They are preparing for the RS. IMHO. GLTA
https://finance.yahoo.com/news/biolase-announces-distribution-series-preferred-213000897.html
RS coming? GLTA
they have time until ca. Ende of November
What are the best sides to look at for insider buying? Thanks
RS soon again?? Hope SP goes up some day.. Some thoughts?
Do somebody know something about the company? What s going on, some news etc.?
Is it still alive? Thanks. GLTA
Hope, this one will skyrocket soon. Took a starter position on 4k. GLTA
Happy KGKG New Year !
GLTA
postponed is not cancelled :) hope next year?!
Merry Christmas and a Happy PBYA New Year.
Merry Christmas and a Happy CLIS New Year.
Merry Christmas and a Happy BABY New Year.
Just have read, BRQS have to divest its ownership of Holu Hou.. do somebody have an idea what that means for the company's future and the share price ? Is that not smart any more to buy some shares now ? Thanks GLTA
Why is the price falling so drastically? Always down and down.. GLTA
Thanks Backstabbed. I bought a few thousand more. Now the average 1.57 after RS.
I hope to get my money back and more sometime in the not too distant future...
GLTY/GLTA
Why is the price falling so drastically last few days?
Stil no official PR about FDA approval. They should try to bring the SP up and than cancel the RS
Stil no official PR about FDA approval. They should try to bring the SP up and than cancel the RV
OTC Markets 15c211 Compliance and exiting the Expert Market
https://www.einnews.com/pr_news/552995415/otc-markets-15c211-compliance-and-exiting-the-expert-market
I don't understand exactly. Are the dividends of one one-thousandth of a share of newly-designated Series G Preferred Stock with votes only to make the reverse stock split to come throu? Thank you and GLTA
Evergreen buys Virtualarmour
https://www.newswire.com/news/evergreen-services-group-to-enter-mssp-market-with-agreement-to-21426468
Also:
Sale of the Operating Assets of VirtualArmour International Inc. and related subsidiaries to
Evergreen Services Group
Centennial, Colorado (June 24, 2021) VirtualArmour International Inc. (CSE: VAI; OTCQB:VTLR)
(“VirtualArmour”) announces today that it has signed an Asset Purchase Agreement (the “Asset
Purchase Agreement”) for the sale of substantially all the operating assets (including the
company name) and certain operating liabilities to Evergreen Services Group (the “Asset Sale
Transaction”). Evergreen Services Group is a private equity backed holding company of a
consortium of leading managed IT services companies. This Asset Sale Transaction has been
approved by VirtualArmour shareholders holding a majority of the shares of common stock of
VirtualArmour and VirtualArmourBoard of Directors.
The operations of VirtualArmour will continue as part of Evergreen Services Group and
VirtualArmour’s leadership team, including CEO Russ Armbrust, have accepted positions with
Evergreen, effective as of closing.
The sale price is US$12,250,000 subject to adjustment for closing net working capital and less
payment of taxes, debt, transaction expenses and other adjustments. VirtualArmour intends to
distribute the net proceeds to shareholders of VirtualArmour approximately 90-120 days after
closing. The disbursing agent will be Computershare Investor Services Inc.
Currently, VirtualArmour has 106,533,822 shares of common stock issued and outstanding.
Closing of the Asset Sale Transaction is subject to customary closing conditions.
VirtualArmour CEO Russ Armbrust commented “As part of Evergreen, we will continue providing
great service to our customers while we expand our capabilities in furtherance of our mission to
be the industry’s leading provider of managed security services.”
“We are excited to expand our cybersecurity capabilities through the acquisition of the assets of
VirtualArmour”, added Jeff Totten, Evergreen’s CEO.