It IS strange that, in the Amex web site, it is stated that when a company is back in compliance, the company is removed from the non-compliance list 'the next business day'.....and that has not happened.
My OPINION, when all this started, was that there was more to the AMEX problem, than what was announced...and I said so....I read the AMEX requirements for compliance very very thoroughly---as all should do, IMO, as part of their DD....and found several areas where one could 'question' whether or not TKO was gonna 'make it', meaning, they were meeting ALL the requirements of the AMEX to stay listed ON the Amex, and not be moved down to the BB.... Q2 earnings are going to be VERY important, IMO, as one of the litmus tests to remain on the AMEX. The numbers MUST show some progress and movement forward.
Those who have owned a business, as I have, and many on these boards have, are very aware of the those rules that state the business MUST show increased revenues within and over a certain period of time....and if they do not....the goverments have the right to declare that company as a 'non-company' and re-classify them, for a small business for instance, as a 'hobby'. TKO obviously could not be classified as a hobby, but thy MUST increase revenue...and I think the time-limit for doing so is upon us...and RESULTS are critical.
