I think it's huge news to potential buyers, and that makes it huge news to me as a long-term holder. Take Fazlice for example. I know people can write whatever on these boards, but he's made a couple of key comments in the past, which I have no reason to believe they aren't true.
First, he had ~4 friends that were all looking to get in for about 1 million shares each, but none were willing to bite until the delisting issue was addressed. That is 2-3 days worth of volume, and that's assuming they'd get their hands on every single share traded. If people haven't noticed, the ask has been incredibly thin in the past week. A couple of big smacks, and we are back to (and maybe over) .32 easy.
The second piece was that he had talked to another investor or adviser...he mentioned that once that guy looked up BAA and saw the identifier that BAA was failing to meet listing requirements it was a huge red flag to him. That tells me that some people look, see that and stop without wasting any additional time on DD. I mean, lets face it, there are millions of plays out there...if you were going to invest some money elsewhere and were just beginning to browse, would you spend time doing DD on a company like BAA, or would you do your DD on some other stocks that didn't have the listing requirement cloud over its head? Now that the flag has been removed, we might have a lot of retail traders jumping in to play a swing, or start building long term positions.
AI
