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Alias Born | 12/31/2014 |
Thursday, October 04, 2018 9:20:11 AM
According to my chart, the company has been trading below a dollar now for over 30 days. Thats a huge red flag for Nasdaq listings. If SUNW is served with a notice, I believe they have something like 180 days to 'fix' the situation. Of course the preferred method is to organically climb back up to $1, but I fear another reverse stock split may be in the future.
I had so much hope for this company back in the day. I put a lot of my money on the line before the last split, and rode the wave down after the uplisting despite knowing better because I believed it would all work out and that the time for solar was now. I still keep an eye on whats going on here, I just dont own any shares anymore.
I am hopeful for all of you that are still in. I hope Chuck can pull a rabbit out of his hat with the next earnings report, this company needs to turn a profit something fierce right now.
A fool and his money is a friend indeed.
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