InvestorsHub Logo
icon url

TennisStar

08/25/16 12:55 AM

#6399 RE: NetNinja #6395

Rule # 1 Agreed / Rule # 2 Agreed / Rule # 3 Agreed

With regard to "no sense". CFR's dictate the release of material events. Period. CFR's are specific. Period. CFR's do not allow a company to "hold back" the big nut. Period. CFR's do provide very specific requirements as for the LEGALLY permitted time frames when material news MUST be released. Period.

Anything within the aforementioned time frames as dictated by the CFR's is at the sole discretion of the company. Period. Hence, if a company is operating within the confines of the CFR's, then the company is legally permitted to disseminate the material information as they see fit.

I have personally heald some enormous short positions in my career. Northpoint Comm, Washington Mutual and Countrywide Financial just to name a few. But given the lack of available options strategies combined with the MATERIAL NEWS forthcoming, I would not under any circumstances short Amedica at this juncture.
icon url

Cognition

08/25/16 9:00 AM

#6403 RE: NetNinja #6395

It may be traded for pennies at times but for now This is not a penny stock.

On August 17, 2016, the Company received a letter from Nasdaq stating that the bid price of the Company’s common stock for the last 30 consecutive trading days had closed below the minimum $1.00 per share required for continued listing under Listing Rule 5550(a)(2).

Penny stocks don't get letters like these.