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I think you are only looking at companies that were already doing bad. In that case then yes a R/S does not help. However with companies with strong fundamentals a reverse split can help. In this case it will help us get to the NASDAQ a lot quicker.
Interesting timing that there are 6 trading days after the split before October. Maybe open on NAS Oct 1?
ha cant wait till UBS and NITE stop playing nice and start fighting for shares....tension is building...
I think they did respond today. They added their product to 3000 stores.
Palumbo, i did the same thing, (although not as many shares). I tried to flip them thinking it was going lower to add to my share count.....well that was a fail, oh well lesson learned just wait it out next time.
As for tomorrow i have no idea, i am done trying to predict it.
It is not the next day, there is a 5 day grace period. Refer to my post from last night:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41522382
I think they have 5 days before they get the E and are listed on the daily list. According to the below they have 5 days after notification, so it could be 6. The first being tomorrow when they are notified they are late, then 5 more.
Does NASDAQ publish a list of non-compliant companies?
Yes. Each trading day, NASDAQ publishes a list of companies that are non-compliant with its continued listing standards. In the event of a bankruptcy, a company is added to the list two business days after notification by NASDAQ. In all other instances of non-compliance, a company is added to the list five business days after notification. Companies are removed from the list one business day after NASDAQ determines that it has regained compliance, or the company no longer trades on NASDAQ.
http://www.nasdaq.com/about/FAQsContinued.stm
Yes all 70 million, in fact it was 75million!
When you say start acting like a real company? Do you mean 70 million in order for first Q of 2010? Or Buying your manufacture? Or raising the stock price from sub penny to .12? Or getting huge advertisement deals with MLB, NFL and others? Or singing license agreements to market and sell the biggest character in our time?
Opus i bet you can sneak into the office tonight and get an early copy for us all. If you get caught just say you were confused because of your back meds
An R/S is the fastest way to NAS. If they bought back shares they would have to get their PPS up to $4. There is reason to believe there are NSS here and they would never let the PPS naturally raise to $4. By doing a R/S they can get on 5 days after the R/S and deal with the NSS in a more controlled environment, where the shorties dont run the show.
"NASDAQ will require that the issuer continue to meet the bid price requirement for a minimum of five consecutive trading days after the split takes place."
-http://www.nasdaq.com/about/FAQsInitial.stm
Thanks four kids, i have been asking people for those type codes for months and people acted like i was crazy
Are these the same managers that told you they would never carry them?
I do not think there will be an 'R/S sell off'. Anyone who wanted out because of the R/S is already gone...
http://www.walgreens.com/search/results.jsp?Ntt=Spongetech&x=4&y=17
9.99, 5/5 Stars from 53 reviews.....
Ha keep trying to spin the words how ever you can, time is running out
AS is 900M right now check with Delaware if you are still unsure.
Well there is your problem. Dont worry about 'posts' from users on an internet board, only focus on the filings actually just the 8ks and it is clear
What are you confused about? I think it is rather clear
Yeah, so being on REG SHO does not stop legal shorts? But only 'naked short'? That is kind of odd because naked shorts should not be legal in the first place...so now they are double illegal? Way to go SEC!
I was under the impression that there could not be anymore shorted until we were off Reg Sho, i guess that is not the case?
I disagree Z, None of my group has sold yet. We might be a little uneasy but still holding, we decided we have our faith in SM, and that we would rather be in too long then out too early and miss the big payoff.
"retail has sold out... either riding their free shares or out completely... few of us remain... "
Be careful, the RS has not happened yet, a lot can happen over the next two weeks...
Yeah i still can not get over that, the US Open, SPNG banners next to companies like Lexus, Rolex right where SPNG belongs. Still my favorite were the soccer ones right next to VW
SPNG banner behind home plate DET @ KC Bot 7th
Dividend does not work. Cash dividend the shorts can just pay. Stock dividend they just print more shares. These NSS are not going to go away on their own, SPNG needs a CUSIP # change and a R/S is how they are getting that.
Hold it till you are up 100's of percents. In my opinion that should be in less then two weeks. RS requires new CUSIP #.
The squeeze is coming, the squeeze is coming. One if by 10k, 2 if by R/S
I can agree with that, D&T does not mess with Penny Stocks. They probably took on SPNG knowing it was going to the Naz with the big boys.
Why is everyone so worried about 'after the split'? The RS is causing an accounting of shares. The squeeze is coming, none of us will hold shares (unless we buy back in after the squeeze) when this thing splits.
There are currently 2 handsets that use Google Android. Both from T-Mobile, Sprint has one coming out next month. I am not sure why we dumped 4million into that company. I assume SM knows what he is doing, but launching on android is not going to bring in the number of subscribers they are looking for. They need to get it on the iPhone, if Apple will ever let it through.
I dont think the 10k will be bad, but i dont think they will have accumulated any cash. Actually I am expecting them to have almost no cash. They should not be sitting on any money they should be using that money for growth which i believe they are.
Ah just like the old days, it always gives me that warm and fuzzy feeling knowing someone out there is so scared by this PPS that they spend all their time trying to bring it down, makes a long feel good!
Nah that is: "Form NT 10-K - Notification of inability to timely file Form 10-K"
I cant wait, so just tell me now what this new PR will say please.
There you go, what is the famous quote by The Oracle? "Be greedy when others are fearful, and be fearful when others are greedy"
People were for sure fearful today, too bad i did not have the stones to be greedy, but am happy to say i did not sell, and am still holding long.
Management caught me off guard when the AS went to 2.7b but then they lowered it to 900m like they said they would and explained the 2.7 was for Dicon if needed. I think once all the smoke clears here we will get word from management and hopefully we will all be happy.
Brian, you are misreading the 8k. The 8k effectively gives us two things.
1. R/S
2. AS Decrease. We already knew about the AS decrease from PR and confirmation from Delaware SOS.
The after Sep 22ed is ONLY for the R/S
Brian,
I am afraid you are way off here. The AS is confirmed at 900mill. So if there are 2.7b shares out that means a minimum of 1.6b air shares. Those are the facts.
LOL yeah that big R and D, Production factory we picked up with Dicon does not exists right?