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CERO bouncing
Been waiting for her to clarify how bad yesterday's news really was.
Reverse Stock Split
The Board of Directors will effectuate a reverse stock split of the Company’s outstanding shares of Common Stock at a ratio of 1-for-100 (the “Reverse Stock Split”), which was previously approved by stockholders at a special meeting held on June 5, 2024. The Reverse Stock Split will become effective at 5:01 p.m. Eastern Time on Tuesday, June 11, 2024 (the “Effective Time”) and the Company’s shares of Common Stock will begin trading on the New York Stock Exchange (“NYSE”) on a reverse split-adjusted basis when the NYSE opens on Wednesday, June 12, 2024. In connection with the Reverse Stock Split, every 100 shares of the Company’s Common Stock issued and outstanding as of the Effective Time will be automatically converted into one share of the Company’s Common Stock. No change will be made to the trading symbol for the Company’s shares of Common Stock, “BNED,” in connection with the Reverse Stock Split. The Reverse Stock Split is part of the Company’s plan to regain compliance with the minimum bid price requirement of $1.00 per share required to maintain continued listing on the NYSE.
The Reverse Stock Split will reduce the number of shares of the Company's outstanding Common Stock from approximately 2,620.5 million shares (as of the date of this press release, when including issuances pursuant to the Transactions) to approximately 26.2 million shares, subject to adjustment for rounding. The Reverse Stock Split will affect all issued and outstanding shares of Common Stock. All outstanding options and restricted stock units, and other securities entitling their holders to purchase or otherwise receive shares of Common Stock will be adjusted as a result of the Reverse Stock Split, as required by the terms of each security. The number of shares available to be awarded under the Company's equity compensation plans will also be appropriately adjusted. Following the Reverse Stock Split, the par value of the Common Stock will remain unchanged at $0.01 per share. The Reverse Stock Split will not change the authorized number of shares of Common Stock or preferred stock. No fractional shares will be issued in connection with the reverse split; instead any fractional shares as a result of the Reverse Stock Split will be rounded up to the next whole number of post-split shares of Common Stock.
Additional information regarding the Reverse Stock Split is available in the Company's definitive proxy statement, dated as of May 15, 2024.
Advisors
From what I could tell it was the thinkorswim platform that was down for about a half hour.
CEO in on the P&D
Thank God for the SCOTUS.
In case you can't read, I said the stock was UP. Buy the dips moron.
DJT back up over $50.00, strong move with the market mostly down.
Why do liberals hate America so much?
"Explore the shady history of the owners", Stop it, you sound foolish. All those other things you list happen commonly. Again, there is no proof of fraud in the company filings.
"launder money from shady sources" , "funny business going on behind the scenes" . Wow, serious accusations without proof. I for one would like to see any evidence you have to support those claims.
When did it bounce to .20 ? My chart shows a high today at .1816.
In at .2 , out at .175 , is that how you do it?
Earnings report 05/16/2024...
Still green and holding...
I'll play, just grabbed some 5.20's for the bounce.
He's weeding out the riffraff, so long libs lol
This bill has several republican co-sponsors. I think it finally passes and it's a big deal for advancing medicinal research.
This bill has several republican co-sponsors. I think it finally passes and it's a big deal for advancing medicinal research.
Ihub needs a "like" button
It says the suspension was in place feb 26 2021 thru march 11 2021. Trading has resumed since march 11 as evidenced by today's 4.5 mil volume for example.
Last day, trading tomorrow!
Temporary:
The U.S. Securities and Exchange Commission announced the temporary suspension,
pursuant to Section 12(k) of the Securities Exchange Act of 1934, of trading of the
following securities at 9:30 a.m. EST on February 26, 2021, and terminating at 11:59
p.m. EST on March 11, 2021:
every 9 seconds, saw it on another stock
Vlad did that
Some kind of official news would be nice. The mines are real.
.0003's printing today.
That's all fine and dandy but Vlad was lying his ass off in the Musk interview. Probably something about not wanting to go to prison.
What kind of legitimate business makes a 3 am phone call demanding 3 billion $ or else? That's the wall street mafia folks.
What is the code for halting buys to cause the price to plummet to allow naked shorts to cover so they don't lose their ass?
This post says a lot !
Really? Mr staypositive1?
The fact that they are restricting sales is telling. Anyone who believes They are doing it for "our benefit" deserves to lose all their money.
I think it's done. Players got out with 4X profits.
Looks like this run is just beginning.