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Well today's volume should send a very clear message to management!
Hmmm.... the sells are getting smaller! Are all the "subsidiaries" paid off for now??
Yes it "could" and should but those of us who have been here a long time are getting short on patience now!!
Come on news!! This is frustrating...
China Digital TV Receives Continued Listing Standard Notice from NYSE
BEIJING, July 20, 2017 /PR Newswire/ -- China Digital TV Holding Co., Ltd. (OTC: STVVY) ("China Digital TV" or the "Company"), a leading provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, today announced that it received notification on July 10, 2017, from New York Stock Exchange ("NYSE"), that the average trading price of China Digital TV's common stock had fallen below the NYSE's continued listing standard.
The NYSE requires the average closing price of a security to be no less than US$1.00 per share over a consecutive 30-trading-day period. As of July 6, 2017, the 30-trading-day average closing price per share of the Company's common stock was US$0.97. In accordance with the NYSE's rules, the Company has a period of six months following receipt of the NYSE notice to bring its 30-trading-day average share price back to a minimum of US$1.00.
The Company will respond to the NYSE to confirm its intent to regain compliance with the NYSE continued-listing standard identified in its notice within the required period. The Company will actively monitor its stock price and evaluate all available options to resolve the deficiency. The Company previously announced on July, 5 that it has appealed the NYSE Staff's commencement of delisting proceedings, which focus on the Company's compliance with other listing standards. The Company remains subject to all NYSE listing standards while that appeal is pending and it will be heard in October.
The NYSE notification does not affect the Company's business operations or its SEC reporting requirements. The Company's stock has been trading on the OTC market under the ticker symbol "STVVY" since the NYSE suspended trading in May 2017.
About China Digital TV
Founded in 2004, China Digital TV is a leading provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, enabling them to bring these applications to household television sets and other mobile devices.
For more information please visit the Investor Relations section of China Digital TV's website at http://ir.chinadtv.cn.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "may," "should" "committed to" "intent" and similar expressions. Such forward-looking statements include, without limitation, statements regarding the Company's intent to regain compliance with NYSE listing standards. China Digital TV may also make forward-looking statements in its periodic reports filed with the Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about China Digital TV's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from projections contained or implied in any forward-looking statement, including but not limited to the following: competition in the cloud computing, cable television and related industries in the PRC and the impact of such competition on prices, our ability to implement our business strategies, changes in technology, the progress of the television digitalization in the PRC, the structure of the cable television industry or television viewer preferences, changes in PRC laws, regulations or policies with respect to the cloud computing, cable television and related industries, including the extent of non-PRC companies' participation in such industries, and changes in political, economic, legal and social conditions in the PRC, including the government's policies with respect to economic growth, foreign exchange and foreign investment.
Further information regarding these and other risks and uncertainties is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. China Digital TV does not assume any obligation to update any forward-looking statements, which apply only as of the date of this press release.
For investor and media inquiries, please contact:
China Digital TV Holding Co., Ltd.
Investor Relations
Tel: +86-10-6297-1199 x 9780
Email: ir@chinadtv.cn
ICR, Inc.
Xueli Song
Tel: +1 (646) 328-1950
Email: stv@icrinc.com
SOURCE China Digital TV Holding Co., Ltd.
Wow! No gap
There were 2 for 10k each then all of the sudden 180k. All at .0064.
We've seen several hundred % but it didn't stick because they went silent.
I'm with you, I know it will happen! Just very impatient...
Looks like there may be a bottomless pit @ . 0064!!
Yup, someone put up a heck of a wall (all of the sudden it seems anyway). I don't get it it. Why do that when it's so much more valuable??
Been here 5 years so my patience is pretty thin.
Just tellin' like it is. We need news!!
Haven't seen.0064 for awhile. Won't last, someone will yank it down.
Did someone hear me? She woke up a little!!
And we wait and wait and...... Come on news, since there is so much going on behind the scenes why not a steady trickle being released??
Where do you see loading up?? They are mostly sells today.
Just wish we could stick the landing and move !upward thru the 6's
Please let him ramble on, .02 is my target.
A PR needs to posted real soon. The placeholder website taken down is not a good thing.
Earnings announcement coming 8/15/17!
Been pushed down for awhile now!
If the dumping would slow down this might go up.
1.4M shares traded and we're down 4 ticks....unbelievable!!
Sorry to be such a pessimist but this hurry up and wait has gone on long enough. Only having 3 trades today speaks volumes that management needs to be listening to!
It looks good but won't last with no news.
It's been a very long wait but hopefully the turnaround will be before September.
I agree, would just like little hints here and there from management. Long silences just turns to many buyers off.
Things are happening way to slowly behind the scenes.
A Form 6-K regarding China Digital TV Holding Co. Ltd has been filed with the United States Securities and Exchange Commission.
To View the filing please click here
Right now over 22 million trades and we virtually go no where!
Someone posted a really ugly piece of pizza last year and said it was their first try.
Maybe if there was some sort of catalyst and ownership would back off on the huge paychecks to themselves!
Not if mgnt. doesn't stop dumping a million shares at time!
Read below, still in business:
News Release Issued: Jul 5, 2017 (7:00am EDT)
To view this release online and get more information about DEFAULT: IR Room visit: http://chinadtv.investorroom.com/index.php?s=43&item=206
China Digital TV Appeals NYSE Delisting Decision
BEIJING, July 5, 2017 /PRNewswire/ -- China Digital TV Holding Co., Ltd. (OTC: STVVY) ("China Digital TV" or the "Company"), a leading provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, today announced that it has appealed the decision by the New York Stock Exchange ("NYSE") to commence proceedings to delist the Company's American Depositary Shares ("ADS" or "shares") from the NYSE.
As referred to in a press release dated May 18, 2017, according to NYSE procedures, the Company has a right to have a committee of the Board of Directors of the NYSE review the NYSE Regulation Staff's delisting determination. China Digital TV has exercised this right and is appealing the Staff's decision. The Company will submit its review petition on July 19, 2017, and the NYSE is currently scheduled to hold an appeal hearing in October, 2017. As is always the case, the Company cannot provide any assurance that the appeal will be successful.
Due to the pending appeal hearing, the NYSE will not make submissions of Form 25 concerning the delisting proceeding to the US Securities and Exchange Commission until such time as the NYSE appeal process is concluded and a determination has been rendered. The Company will update the market when the appeal process and decision are finalized.
The Company's stock is currently trading on the OTC market under the ticker symbol "STVVY". As previously announced, during the appeal period the Company intends to continue to communicate developments to its shareholders through normal channels and to make with filings with the SEC in the normal course. The Company emphasizes that current shareholder ownership rights remain in place, and all shareholders retain rights of ownership in China Digital TV. Most importantly, the Company plans to continue to work to improve and expand its ongoing operations and remains fully focused on, and committed to, that goal.
About China Digital TV
Founded in 2004, China Digital TV is a leading provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, enabling them to bring these applications to household television sets and other mobile devices.
For more information please visit the Investor Relations section of China Digital TV's website at http://ir.chinadtv.cn.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "may," "should" "committed to" and similar expressions. Such forward-looking statements include, without limitation, statements regarding the outlook and comments by management in this announcement about trends in the cloud computing, cable television and related industries in the PRC and China Digital TV's strategic and operational plans, including planson improving and expanding operations, and future market positions. China Digital TV may also make forward-looking statements in its periodic reports filed with the Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about China Digital TV's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from projections contained or implied in any forward-looking statement, including but not limited to the following: competition in the cloud computing, cable television and related industries in the PRC and the impact of such competition on prices, our ability to implement our business strategies, changes in technology, the progress of the television digitalization in the PRC, the structure of the cable television industry or television viewer preferences, changes in PRC laws, regulations or policies with respect to the cloud computing, cable television and related industries, including the extent of non-PRC companies' participation in such industries, and changes in political, economic, legal and social conditions in the PRC, including the government's policies with respect to economic growth, foreign exchange and foreign investment.
Further information regarding these and other risks and uncertainties is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. China Digital TV does not assume any obligation to update any forward-looking statements, which apply only as of the date of this press release.
For investor and media inquiries, please contact:
China Digital TV Holding Co., Ltd.
Investor Relations
Tel: +86-10-6297-1199 x 9780
Email: ir@chinadtv.cn
ICR, Inc.
Xueli Song
Tel: +1 (646) 328-1950
Email: stv@icrinc.com
SOURCE China Digital TV Holding Co., Ltd.
Would be nice but not likely. I like your optimism but some of us have been here a long time and it's the same old story. Nothing ever happens.
End of the month payday for salsa and poppsy cakes most likely.
A pattern of $20k sells trying to pull this down.
Would love to believe your optimism but some of us have been here a long time and nothing positive ever happens.
Two cents would be a very tall order, but what the heck, bring it on!
The waiting is agonizing!
Totally on fire now! The dumping is amazing.
What do you think those 20k transactions are?