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CoolHandLucas

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CoolHandLucas

Re: JerseyJoe post# 78

Tuesday, 03/20/2007 12:59:31 AM

Tuesday, March 20, 2007 12:59:31 AM

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A combination of some class action lawsuits and the possibility of delisting makes this play a heck of a gamble, personally I am currently watching it from the sidelines until the dust settles a little bit and may play it again as a speculative play. If they stay listed on the NASDAQ and continue their efforts to stay liquid, it could be a nice high risk high reward play still, but sharks are definately in the water hungry for feet and I like all of my toes.

"..Nasdaq notified Accredited that the company's stock is subject to delisting because the company failed to file its 2006 annual report by March 15. Accredited says it will appeal the delisting, a move that will keep the company trading on the Nasdaq until a decision..."
http://www.forbes.com/2007/03/19/accredited-delist-nasdaq-markets-equity-cx_af_0319markets26.html?pa...


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