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5,567.19
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1.06%
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larrybaz

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larrybaz

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Re: larrybaz post# 90517

Wednesday, 09/01/2021 7:49:35 AM

Wednesday, September 01, 2021 7:49:35 AM

Post# of 114143
SQBG - Nasdaq decided to de-list the company effective September 9. I closed out my position this morning. I was looking forward to trading this for a few weeks, but this definitely changes the risk/reward for me.

I still wouldn't be surprised if it gets a big spike at some point.

Here's an interesting article about NYSE and Nasdaq rules regarding de-listing companies that have declared bankruptcy.

https://dodd-frank.com/2020/05/12/a-guide-to-public-companies-and-bankruptcy/

I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.

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