Tuesday, June 16, 2020 12:24:58 PM
There are also "market specific" events like a 2-3 day DJIA correction risk that are out of the control of the MM's to support the price over the critical $1 baseline. If the goal was to prevent the market from knowing that MDT, or an entity in joint & concert, took down the substantial shareholder position status, well it worked because the share price would not be anywhere close to its present trading level. That would have been THE solution to provide the de-risked cushion to maintain minimum listing requirements, but obviously for some reason, not the one chosen.
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