News Focus
News Focus
Followers 17
Posts 1798
Boards Moderated 0
Alias Born 10/11/2007

Re: gfp927z post# 28588

Monday, 09/14/2009 1:30:22 PM

Monday, September 14, 2009 1:30:22 PM

Post# of 57993
Gfp,
Do you recall when the Amex delisting criteria had to be satisfied? I recall sometime very soon. I'm not 100% sure if there are ways to postpone that process or ask for an extension, but that may be an indicator of verifiable future plans. I'm sure Cor is pleading its case to Amex, while carrying on BP negotiations, so they may be revealing their hand as a means of maintaining their current status. And if they do indeed have a near deal or a reason for the Amex to postpone delisting then it clearly would be a short term bullish sign. However, If the delisting occurs prior to any SA or M/A announcement, I think the share price will tumble. Just thinking your entry point may be a bit premature with that decision looming.

Where Real Traders Talk Markets

Join thousands of traders sharing insights, catalysts, and charts.

Join Today