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I don't understand why people still trade and talk about his company. It will restructure and all shareholders will lose. They will come back and prosper as the world recovers. I lost A LOT, and sorry for others did also. What a farce of a company.
This company is a F'ing mess. period.
will be taken down last 1.5 hrs
I might get money back in the puts i bought after all
back to $40 we go
even with the Fed statement this will never push higher or anytime soon, I said yesterday AH it could never maintain $50
RBC analyst had a $65 PT, scratched my head on that one
from a practical perspective I don't see user adoption like FB and doubt it will grow much unless you get mom and pop to start using it, valuation is rich today, IMHO
I know that is why they halted, what is your point, you seem to be expressing an opinion that is NOT why they really halted, explain better
your opinion and conjecture, T12 is for additional information, and with the situation does seem suspect, will never know NASDAQs real reasons, may have been pressure from SEC to get them to stop, screwed over many like myself
NEWL has played shareholders plain and simple, like myself, I lost, LOTS, but I think they will not go BK and not get sued and will get away with it and most likely turnaround over time
not sure what you are responding to, go back to sleep
but they have a pretty bird logo!!!! LOL
shorts will take it lower tomorrow after the early morning surge of retail buying into it, most short covers were done AH already, still too rich for the valuation
agree, even if it surges you know where it's going
i hear you there prevented me from closing out and recouping some funds, not sure how suing NAS would play out, they would justify their moves
can only sue in the US if there is outright fraud in their financial statements, class action? SOL on this one
will be at least at $37 tonight, MAU will not impress
once again it's conjecture, opinion not statement of fact based on disseminated information, I don't hold this anyways, regardless based on previous action of this stock not sure who even attempt holding it overnight at this juncture,
point being, stop trying to justify yourself, plain and simple it was voluntary de-listing
problem with you and most postings on this board is that it is mostly conjecture and opinion, if people read PRs and have any basic background in securities and understand financials they can do their own DD and not rely on unsubstantiated information and conjecture posted on these boards
If it was not done voluntarily NAS would have done it for them, regardless get your facts straght.
I guess you didn't read the press release either. You are calling me naive? What you stated is conjecture. What the company did was not right and a disgrace to shareholders. Unless you present all here the PR supporting you statement don't start calling people naive.
unless TWTR has an incredibly stellar MAU and revenue increase I would still be short at current valuations, just my call by seeing FB's quarter and that they have not been able to show much improvement in past two quarters, I agree it will change over time, but not significantly tomorrow
If in respect to you responding to me, the initial facts still stand with gray sheet stocks, can't short or really manipulate regardless, liquidity dries up in gray sheets and where it stands now
in respect to de-listing, it wasn't forced by NASDAQ, it was voluntary, not sure where you were when they released the PR, it was due to changing transfer agent, read and DD before you respond, BOSS LOL
i also hold puts too i dont think they will hit MAU numbers ( net of Wold Cup) to satisfy
going to have a hard time with a foreign registered Bermuda corp, already inquired with a firm in the US that deals with security class actions but have not received a response yet
problem with Bermuda corps is that they cannot sue due to lack of fiduciary duty to shareholders, would be a difficult case, could still happen, only class actions I have been a part of were with US registered corporations
don't care anymore
trading, if there was proven fraud with the companies actions this would not be allowed to trade
it was a response first of all to another post
if it was a fraud or scam SEC would have closed it down, in that respect it is not a fraud or scam and is why it is trading, many say that it is a fraud or scam because of what has happened to shareholders and they got away with it because a Bermuda corp has no fiduciary duty to shareholders otherwise you would see a class action suit against them as you do with many US based corps doing similar activities
look at it as you wish, they could deteriorate shareholder value more or actually turn the company around, not the greatest stock for shareholders
the company is not a scam or a fraud otherwise it would not be trading anywhere, it does however lack fiduciary duty to shareholders, being a Bermuda corporation should have been a red light
residual trades cleared just after 4pm at 1.42, it closed at 1.40
lack of a formal press release by NASDAQ or SEC would point to a voluntary delisting
none of this is proven as fact
you can't short in greys but can with OTC and OTC pinks, and they still have liquidity
you can't have dual listing
if they voluntarily de-listed then the deletion from NASDAQ is obvious, my point is that NASDAQ did not de-list them it was voluntary if NEWL did not act by July 17th for the hearing then NASDAQ would have de-listed NEWL, the hearing was for July 24th which did not happen.
I take as bit of offense someone on this board (not yourself) calling me a "newbie" and saying to have some humility in my response to another member when I was making a clarification to misinformation and the protocol NASDAQ follows, and with simple logic knowing this information can come to a logic conclusion of how this was de-listed.
regardless it does not help the situation for shareholders
It was a voluntary de-listing. They never had their hearing and NASDAQ would have done a formal PR saying that date of de-listing.
I guess this is the first time you have seen or dealt with a de-listing? Always good to learn at some point.
PS, I think all reading this board know it is on the gray sheets but you are welcome to share it again.
wow, really?
that does not show if de-listing was per NASDAQ or voluntary, there has not even been a hearing which is on July 24th, upon the hearing NASDAQ will release a formal press release of the delisting and the date it will occur
The SEC has established certain regulations for Gray Sheet stocks that limit risks to investors, as follows:
• The stock may not be solicited or advertised - so pump-n-dump scams by broker, mail, fax, etc are limited.
• Grey Sheet stocks that do have a public offering of shares cannot be shorted. This is a benefit in that unreasonable plunges in share values are minimal because broker-dealers and other investors and scam artists cannot short the stocks by law.
The hearing with NASDAQ was stated as July 24th, NASDAQ cannot re-nag and de-list before the hearing
It was voluntary, the hearing was to be on July 24th so how could they have been delisted before the hearing date? It is not suspended by the SEC so not sure about all of the misinformation on this board
The SEC has established certain regulations for Gray Sheet stocks that limit risks to investors, as follows:
• The stock may not be solicited or advertised - so pump-n-dump scams by broker, mail, fax, etc are limited.
• Grey Sheet stocks that do have a public offering of shares cannot be shorted. This is a benefit in that unreasonable plunges in share values are minimal because broker-dealers and other investors and scam artists cannot short the stocks by law.