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Reverse stock splits are proposed by company management and are subject to consent from the shareholders through their voting rights.
Did anyone receive notification of this pending reverse stock split and voted your shares or am I mistaken ? Our say was not required? Just a clarification pls.
UPDATE 1-Boeing shares fall as MAX 9 grounding continues
9:46 AM ET, 01/16/2024 - Reuters
Jan 16 (Reuters) - Boeing shares fell 4.1% on Tuesday and were set to extend last week's losses as the U.S. grounding of some 737 MAX 9 jets entered its 11th day, while the company's promise of further quality checks raised the specter of added costs.
The planemaker has been engulfed in a crisis since an Alaska Airlines MAX 9 jet made an emergency landing following a cabin panel blowout earlier this month, following which the U.S. Federal Aviation Administration (FAA) temporarily grounded 171 aircraft for safety checks.
Shares of beleaguered supplier Spirit AeroSystems, which made the fuselage for the affected jet, were also down 5.1% on Tuesday following last week's 14.1% loss. U.S. markets were closed for the Martin Luther King Jr. holiday on Monday.
The FAA said on Friday it will audit the MAX 9 production line and suppliers, and consider having an independent entity take over from Boeing certain aspects of certifying the safety of new aircraft that the regulator previously assigned to the planemaker.
"With FAA taking a closer look into Boeing's production, we think the risk of production/delivery impact increases significantly," Wells Fargo analyst Matthew Akers said, as he cut his rating on the planemaker's shares to "equal weight" from "overweight".
"Given Boeing's recent track record, and greater incentive for FAA to find problems, we think the odds of a clean audit are low."
Before Akers' downgrade, 25 analysts had a "buy" or higher rating, while six had a "hold" rating, according to LSEG data. No analysts have recommended investors to sell Boeing shares.
Under intensifying pressure from airlines and the FAA following a series of MAX-related quality issues, Boeing said on Monday it will add further quality inspections for its best-selling jet series and deploy a team to Spirit AeroSystems to check the supplier's work on the door plug involved in the accident.
"All of this is likely to lead to higher costs over time. And while it's not clear how much at this point, it doesn't seem unreasonable to think that an extra 1,000 inspectors might add $250 million in annual costs," Citi analyst Jason Gursky said.
(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Shounak Dasgupta)
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Skyworks had best follow Boeing's lead and make certain that Quality control inspections for anything Spirit builds for them/Us meets or exceeds all quality requirements to avoid any product from falling out of the sky due to poor manufacturing and sloppy Quality Control.
One Aws*hit and look what happens to the stock.
Boeing was $265.95 on Dec 21, 2023. Today it is $200.37 a 7.53% drop in price in less than a month! That's $20K loss on every 1K of shares.
Sorry no info on GNBA trading or Groen.
https://www.spiritaero.com/pages/release/spirit-skyworks-aeronautics-sign-agreement-to-pursue-development-of-defence-and-commercial-platforms/
If the same manufacturing mentality in Kansas facilities are prevalent in the UK I would be skeptical about the Quality Control at Spirit in Europe.
So Skyworks Aeronautics is going to have Spirit build gyros??
https://wallstreetjournal-ny.newsmemory.com/?publink=07a04aeab_134d115
Spirit has BIG BIG Quality Control problems.
FAA chief Mike Whitaker = Travel Agent.
Me = 30 yrs Boeing Production Control retired.
Any one hear any updates on this project w/ Lotte Rental and Skyworks???
South Korea Urban mobile project.
https://m.koreatimes.co.kr/pages/article.asp?newsIdx=318897
Any one hear any updates on this project w/ Lotte Rental and Skyworks???
https://m.koreatimes.co.kr/pages/article.asp?newsIdx=318897
Shares of Spirit Aerosystems (SPR) are higher today amid whispers of a potential activist investor aiming to agitate for a sale to Boeing (BA). According to a report by Activist Insight, a significant alteration in Spirit’s relationship with Boeing could be on the horizon.
https://www.tipranks.com/news/rumored-activist-influence-shakes-up-spirit-aerosystems-stock?mod=mw_quote_news
Thank you guys for keeping us all informed on the latest happenings with both of these companies.
When this stock begins trading again it will be an interesting ride.
You R not alone.
TA6
a big buy.
0x7a6cd138683957ddebee3022cb4ac6abe9e8567e 280,990 0.2810%
Hold until Realized!!
This has great potential to rise much much further.
IMO only.
Hmmmm??? $100 ??
Now that would be a Gamestopper. lol
Hold Until Realized
Thanks M8.
Short interest down 98%
HOLD ON!!
Starve the MMs.
Ignore the Bashers.
It's your $s and you should make the long term commitment.
IMO only 8>)
Today's Open 0.1223
Sound advice M8.
pre market $0.095 -0.0116 (-10.88%)
Waiting for the ICO to materialize. If it is a bust then I guess a 1500% increase on original investment will buy me a couple cups of coffee.
Balderdash M8!
If FTXP was defunct it would not be trading in the stock market.
Nice try M8.
No go bother people who will believe your bad vibs tripe.
Still watching M8.
Thnxs M8. Then I'm in it for the long haul.... It has been a really long hall lol.
Tell me again why are we holding on to GNBA stock?
No you are not. There are others watching Skyworks.